SEC Alleges Do Kwon Transferred 10,000 Bitcoin from Terra to Swiss Bank

Image Credit: Gizmodo
  • Do Kwon, former CEO of Terraform Labs and its stablecoin Terra, is accused by the U.S. Securities and Exchange Commission of transferring 10,000 bitcoin worth hundreds of millions of dollars out of the Terra/Luna project.
  • The transfer occurred before the project could be completed.
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