South Korean legal professionals confirmed that Terraform Labs CEO Do Kwon despatched 9 billion gained ($7 billion) to Kim & Chang – a high South Korean regulation agency – earlier than Terra Ecosystem’s spectacular collapse.
Kwon’s determination to ship hundreds of thousands to the regulation agency was flagged as a deliberate transfer by prosecutors, who allegedly reaffirmed his consciousness of the upcoming collapse and anticipated authorized issues, as reported by KBS Information.
Whereas making an attempt to tie Kwon’s unhealthy religion within the prepayment to the regulation agency, prosecutors consider the data will assist the continuing fraud case. As well as, legal professionals for Kim and Chang visited Montenegro to fulfill with Kwon and Terraform’s former chief monetary officer, Han Chang-joon.
Earlier, Kwon was arrested at Podgorica airport in Montenegro after making an attempt to fly to Dubai utilizing faux paperwork. Following his arrest, authorities in the US and South Korea have sought Kwon’s extradition. Nevertheless, the court docket has not but taken a call.
Associated: Tera co-founder in S. Korean crosshairs after Dr. Kwon’s arrest
On April 7, it was revealed that South Korean prosecutors suspected Kwon of illegally changing funds from Terra (LUNA) to Bitcoin (BTC). Complainants urged Binance to freeze all withdrawal requests linked to Kwon.
In complete, prosecutors recognized 414.5 billion gained ($314.2 million) in unlawful property linked to Terraform Labs co-founder Kwon and his associates, of which about 91.4 billion gained ($69 million) had been stated to be instantly linked to Kwon.
“We offered the requested help to the Korean LE authorities. As we can’t touch upon an ongoing LE investigation, for any additional remark, please contact the prosecutors,” a Binance spokesperson stated whereas chatting with Syntelegraph in regards to the matter.
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