Do Kwon Gets The Sam Bankman-Fried Treatment As Insider Testifies Against Terra Founders
Summary
Terra founders Do Kwon and Shin Hyun-Seong are facing legal battles after an insider testified that they were aware of the troubles of the failed Terra network. The insider, identified as "Lee," was responsible for developing the technology and testified that the proposed payments network using Terra Luna and ChaiPay was impossible to actualize. Shin's lawyers refuted the testimony, claiming their client did not know about the network's limitations. Shin is facing trial in South Korea for various charges, while Do Kwon is in jail in Montenegro, with extradition requests rejected. Han Chan-joon, Kwon's finance officer, has been extradited to South Korea.
