Do Kwon, the founder of Terraform Labs, reportedly sent $7 million to South Korean law firm Kim & Chang just before the collapse of the Terra ecosystem in May 2022, according to South Korean prosecutors cited by Bloomberg. Both South Korea and the US have requested Kwon's extradition after his recent arrest in Montenegro, as Kwon faces criminal charges in both countries after the collapse of his crypto ecosystem. Kim & Chang told Bloomberg that it was "unable to provide specifics on individual cases" but that it had conducted its legal advisory services as usual and had legitimately received payment for its services.
(By Amitoj Singh)
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