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

Episode • Sep 27, 2022 • 1h 4m

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