Do Kwon sent funds to a South Korean law firm just before the collapse of Terraform Labs, the crypto platform he founded, according to a Bloomberg report citing prosecutors in the country.
Kim & Chang told Bloomberg that the law firm was "unable to provide specifics on individual cases.”
“We have conducted our legal advisory services as usual and have legitimately received the fee for the services,” the firm told Bloomberg.
The South Korean prosecutors' office and Kim & Chang didn't immediately respond to CoinDesk's request for comment.
South Korea and the U.S. have requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro. Kwon is facing criminal charges in both countries after his $60 billion crypto ecosystem came crumbling down, hurting the industry globally.
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