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Terra Co-Founder Do Kwon Under Renewed Scrutiny As Crypto Firm Exec Declines SEC Questions

Benzinga ·  11/10/2023 05:27

The situation surrounding Terraform Labs co-founder Do Kwon has garnered renewed attention. Recent reports have brought to light possible undisclosed interactions between Jump Crypto President Kanav Kariya and Kwon. In light of these developments, Kariya has exercised his Fifth Amendment rights when questioned. What Happened: Amid the aftermath of TerraUSD's significant financial implosion, which Blockworks reports at a staggering $40 billion, Kariya is now entangled in SEC investigations over purported private agreements with the former Terraform Labs CEO. These events cast a renewed focus on the scrutiny surrounding LUNA and UST, the digital assets at the heart of the

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