The US Securities and Exchange Commission is now investigating whether the Terra (UST) was marketed in a fraudulent way before it caused a market-wide crash and declined to pennies on the dollar.
According to JTBC News, the SEC is also looking into money laundering allegations. Apparently, around 100 billion won left Terraform Labs’ accounts monthly as operating expenses. That sums up to about $80 million being laundered in a month just before Luna’s collapse. According to the SEC, there were internal statements documenting the money being sent “into dozens of cryptocurrency wallets.”
https://dailycoin.com/do-kwon-allegedly ... -downfall/