Laundering $80 million a month from Terra’s creator

Laundering $80 million a month from Terra’s creator 

The Securities and Exchange Commission found evidence that Terraform Labs CEO Do Kwon withdrew $80 million a month from LUNA (now called Luna Classic) and TerraUSD before the Terra ecosystem collapsed in May.

One Labs employee interviewed by the SEC in a Hot interview said the transactions were not formalized in any way.

If this is proven, Do Kwon could face legal action in the United States. The Terra CEO is now in the hands of South Korean authorities.

Recall that people who invested in these coins in the aggregate lost about $ 60 billion.


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