Do Kwon hires lawyer in preparation for defense in South Korea

Terra co-founder Do Kwon has hired a lawyer successful mentation for his defence against South Korea’s ineligible actions, South Korea-based Naver reported Aug. 17.

Kwon reportedly submitted an attorney’s assignment missive to the prosecutor’s office. The study did not uncover the lawyer’s sanction oregon the instrumentality firm.

The Seoul Southern District Prosecutors’ Office has been investigating respective leads that led to the implosion of Terra’s ecosystem. The prosecutors precocious raided crypto exchanges and homes of Terraform Labs executives.

In a caller interview, Do Kwon claimed that South Korean prosecutors were yet to record immoderate charges against him oregon interaction him. However, the prosecutors had issued him a “notification upon arrival” notice.

Kwon besides said helium would beryllium wholly honorable with prosecutors and the courts by providing applicable facts astir the crash. When asked astir the anticipation of jail, helium said, “Life is long.”

South Korean constabulary prehend virtual currency for good collection

South Korean constabulary person introduced virtual currency seizure arsenic a means of a good collection.

The Gunpo Police Station claimed that this postulation method is suitable for this play wherever COVID-19 remains an existential challenge.

The inaugural is portion of the National Police Agency virtual plus seizure aviator project, which analyzed the virtual plus holdings of habitual delinquents with implicit 1 cardinal won arrears.

It recovered a delinquent who was owing 2.5 cardinal won successful postulation fines but owned 50 cardinal worthy of virtual assets. The study revealed that the constabulary part seized the funds to cod the good arrears.

Due to the program, Gunpo Police Station said it had achieved 88% of its 1 cardinal won postulation people for non-payment of postulation fines. It means the presumption collected astir 880 cardinal won successful the archetypal fractional of the twelvemonth –its highest postulation complaint successful the past 3 years.

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