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Do Kwon, the creator of Terra, has retained attorneys from a local law company to help him prepare for legal action in response to the Seoul Southern District Prosecutors&#39; Office probe.Recent searches and seizures by South Korean authorities included 15 <a href="https://www.coingabbar.com/en/crypto-blogs-english/crypto-mining-impacting-environment" rel="noopener noreferrer nofollow">crypto</a> businesses, raids on the residences and workplaces of Terra officials and affiliates, and notices to appear in court for Do Kwon and other Terra executives.Terra&#39;s Do Kwon Selects Domestic Attorneys for Court ProceedingsAccording to a local media report on August 17, Do Kwon, the creator of Terraform Labs, has hired attorneys from a South Korean law company to prepare for legal measures in response to the Terra probe by the Seoul Southern District Prosecutors&#39; Office.Do Kwon has provided the Seoul Southern District Prosecutors&#39; Office with a letter appointing him as his defence counsel in the investigations into the <a href="https://www.coingabbar.com/en/crypto-blogs-english/why-terra-luna-and-ust-crash" rel="noopener noreferrer nofollow">Terra-LUNA crash</a> and fraud.Do Kwon, the creator of Terra, stated recently that he had no plans to go back to South Korea. Furthermore, he hasn&#39;t been approached by or faced any charges from South Korean authorities. Do Kwon, Daniel Shin, and other Terra officials have been called before the police and the courts, nevertheless, for an inquiry and legal proceedings.Transaction records and other evidence have been gathered by the Joint Financial and Securities Crime Investigation Team of the prosecution in connection with the Terra-LUNA crash and the claims of fraud against Kwon and affiliates. Do Kwon&#39;s court presence is additionally anticipated in a number of class actions and lawsuits.Do Kwon has received a &#34;notification upon arrival&#34; notice from the investigating team. Additionally, warnings about &#34;travel bans&#34; were sent to Terra executives Kim Mo and Daniel Shin. Additionally, he has refuted the charges of fraud and money laundering brought against him.The Founder of Terra Promising to Be Totally HonestThe founder of Terra swore that he would cooperate fully with law enforcement and the legal system. He will work with investigators to exchange information and coordinate the Terra-LUNA crash investigation.In the United States, several class action lawsuits have been brought against Terra, Do Kwon, and their affiliates. In reality, a U.S. class action case against Terra and its officials has been joined by Terra insider &#34;FatMan.&#34;

Top Cryptocurrency news: Do Kwon, the founder of Terra, has hired attorneys to prepare legal actions.

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