Terra Founder Do Kwon Sent Millions to Law Firm Before Collapse: Report

South Korean prosecutors investigating the collapse of Terraform Labs have found that the company transferred nearly $7 million to a law firm just before the crash of its cryptocurrencies. The transfers suggest that co-founder Do Kwon was aware of the imminent collapse. If the funds stem from criminal proceeds, they can be frozen and eventually seized. Do Kwon was arrested in March and is going to stand trial in Montenegro for traveling on false documents, before Podgorica considers his extradition to either South Korea or the United States, where he is charged with masterminding the crypto fraud.