Explained: SEC allegations against Do Kwon and Terraform Labs
The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
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The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
Multiple reports have placed Kwon in Serbia but the country's extradition laws and agreements could make getting him back to Korea tricky.
Terraform Labs founder and fugitive Do Kwon has country-hopped to Serbia, where circumstances are friendlier to those 'on the run.'
Do Kwon continues to elude South Korean authorities and has been spotted in Serbia. Here's a few activities the Terra founder might enjoy.
South Korean authorities have asked OKX and KuCoin to freeze 3,300 bitcoins after Kwon created a new wallet and started to transfer funds.
Terraform labs' Do Kwon says he's not on the run from authorities but a reported Interpol red notice suggests they may be looking for him.
South Korean authorities are seeking Terra founder Do Kwon's arrest. The Singapore resident may soon have his passport revoked.
More trouble for Terra and its founder Do Kwon. A lawsuit has been filed, claiming TFL knowingly sold inflated tokens.
Korean authorities raided the exchanges in a bid to uncover whether the Terra collapse was intentionally caused by Do Kwon.
The suit alleges defendants, which also include Terraform Labs, conned investors by failing to register tokens as securities with the SEC.