Zack Guzman, journalist and Coinage host, and Jongbaek Park, partner specializing in blockchain and crypto assets at Bae, Kim & Lee, discuss how the case in South Korea against Do Kwon and TerraForm Labs will likely go, whether Do Kwon is on the run, and what his sentence could be.
- Jongbaek’s and Zack’s disclosures regarding Terra
- how big the Terra phenomenon was in South Korea and how Do Kwon was perceived in the country
- whether Do Kwon posed any conditions for his interview with Zack
- what Do Kwon is being charged with
- the colliding opinions on which tokens are considered securities
- whether the collapse of Terra had any negative impact on the South Korean President’s image
- whether Do Kwon feels like a charge for violating the capital markets law is unfair
- whether Do Kwon is “on the run,” despite his denials
- how the potential revocation of Kwon’s passport could make him go back to Korea
- whether Terra was a failure or a fraud, and how prosecutors are looking into it
- whether Terra was centralized
- the chance of prosecutors going after other people from Terraform Labs and the probability of the entity’s assets being frozen
- how much jail time Kwon could be facing and whether he is prepared to go to prison
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Previous Coverage of Unchained on Do Kwon and Terra:
- Do Kwon Is Backing UST With Bitcoin – And Here’s What Else He Is Building
- The Legal and Regulatory Fallout From Terra’s Collapse: Who Will Pay?
- The Chopping Block: Does the New Terra Have Any Chance?
- Hester Peirce’s Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF
- Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed
SEC Actions Against Terra
- SEC Investigating UST Stablecoin Blowup in Fresh Threat to Terra
- Terraform Labs Loses US Appeal over SEC Subpoena
Allegations against Do Kwon
- Seoul Police Probe Allegation of Embezzlement by Terraform Staff
- South Korea Launches Investigation into Company Behind Luna Crypto Crash
- Class action against Do Kwon
- Was LUNA a Security?
- Korean prosecutors are looking into Terra
Haseeb Qureshi’s summary of the Terra collapse:
Zack’s Interview with Kwon
Read the episode transcript here