NEWS
2024.03.22
Do-hyung Kwon heads to South Korea as he pleases, can he get away with a slap on the wrist?
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While it may be a sentencing advantage for Terraform Labs CEO Do-Hyung Kwon to be tried in South Korea, there are questions as to whether Terra and Luna qualify as "securities" under South Korean law and whether Mr. Kim can be charged with fraud under the Special Economic Crimes Act. In this case, the challenge remains to prove that there was an intent to defraud investors. "Even if he is charged with fraud under the Special Economic Crimes Act, his defense may plead not guilty at trial, arguing that it was not his fault that the terra was de-pegged from the dollar," said Ohoon Kwon, partner attorney at Cha & Kwon Law Offices.
URL : Do-hyung Kwon heads to South Korea as he pleases, can he get away with a slap on the wrist?
