Do Kwon Accused of Laundering $80M In Latest Lawsuit

Do Kwon and other Terra’s executives face another class action lawsuit in the US.

Terra executives including Do Kwon have been charged with violating the Racketeer Influenced and Corrupt Organizations Act.

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Do Kwon has been accused of artificially inflating the price of UST and then publishing misleading information to cover its tracks.

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Terra and its executives have also been accused of covering their tracks in an $80 million money laundering scheme.

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Plaintiff Matthew Albright filed the lawsuit on behalf of all victims of TerraUST (UST) collapse.

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The class action suit also named other top ventures as Defendants aside from TFL and its top executives.

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The lawsuit alleges Terra’s flagship stablecoin was a Ponzi scheme.

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According to the lead plaintiff, TFL and its executives were responsible for the collapse of the Terra project.

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