According to the news of the Korean news agency JTBC, the American Securities and Exchange Commission has money laundering suspicions against Terra CEO Do Kwon.
According to the news of JTBC, TerraForm Labs employees should be indexed to 1 dollar. months before the UST collapse monthly due to expenses from the company He stated that 80 million dollars of exits were made.
Exits from the company before the LUNA and UST collapse hundreds of different crypto wallets reported to have been transferred. However, the employees of the company did not receive any of this money from Do Kwon, the CEO of the company. not embezzled was also included in the information conveyed.
Bloomberg announced in its news that it has started an investigation into the expenditures made within the framework of marketing expenses for the UST before the collapse. Do Kwon if the funds allegedly coming out of the company are proven by the SEC for money laundering can be prosecuted under US law.
SEC Launches Investigation into Terra LUNA and UST
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Do Kwon was sued and summoned by the SEC in 2021. However, Do Kwon did not participate in this lawsuit and filed a lawsuit against the SEC.