Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
Terraform Labs co-founder dissolved two of the entitys locations in South Korea, as well as Terraform Labs Korea, just prior to the LUNA and UST collapse, according to legal documents. Although the decision to dissolve the offices was made during an April 30 shareholder meeting, the timing raised eyebrows within the cryptocurrency community.
As one might expect, the aftermath of Terras implosion continued to reverberate across the market this week. South Koreas government is looking into the situation and Do Kwon himself could be summoned to a parliamentary hearing.