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WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

Published 09/29/2022, 02:02 AM
Updated 09/29/2022, 03:40 AM
WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

Terraform Labs, the company behind the development of the Terra (LUNA) blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of a security in response to public pressure.

“We believe that this case has become highly politicized, and that the actions of the Korean prosecutors demonstrate unfairness and a failure to uphold basic rights guaranteed under Korean law,” a Terraform Labs spokesman said to The Wall Street Journal on Sept. 28.

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