Terra CEO Do Kwon's Assets Could be Confiscated

Do Kwon, the CEO of Terra, which caused the collapse in the cryptocurrency world, entered South Korea's radar.

South Korean media wrote that the assets of Terra CEO Do Kwon could be confiscated. An investigation has been launched against LUNA, which has victimized its investors and was virtually wiped out from the market. South Korea, too, seems intent on reckoning with billion-dollar losses with one step after another. A lawmaker from the South Korean ruling party announced earlier this week that Terra's founder, Kwon, has been summoned to parliament. According to the news in the local media today, South Korean financial commissions started to collect information about LUNA and UST. It was discovered that the commission officials requested information about the collapse of the LUNA and the IHR and examined the trade volume at that time and the measures taken by the stock markets for the collapse. It is also among the topics discussed that a special crime unit has been assigned only to investigate this incident. On the other hand, investors are also seeking their rights individually. Many people have filed a lawsuit to have Do Kwon's assets put on hold. The company, which was founded by Do Kwon and Shin Hyun-song in 2018, is alleged to have engaged in fraud with high-rate dividend pools and aggravated the victimization.       Source: Coinkolik       You May Also Be Interested In: https://ieconomy.io/terra-ceosu-do-kwon-kurtarma-planini-oylamaya-acti/