How Will the Legal Case Against Do Kwon Play Out in South Korea? - Ep. 401

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.

Show highlights:

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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Guests:

Jongbaek
Zack: Twitter

Episode Links
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

Do Kwon

Red Notice

“Not on the run”

Kwon’s Passport

Stablecoin Regulation

Stablecoin Draft Bill

Yellen cites UST stablecoin risk after it loses its dollar peg

Haseeb Qureshi’s summary of the Terra collapse:
Zack’s Interview with Kwon