South Korean Investors Sue Terraform Labs CEO Do Kwon

One of the leading law firms in South Korea, LKB & Partners, is preparing to sue Terraform Labs CEO Do Kwon on behalf of ordinary investors who lost money due to the fall of TerraUSD (UST).

According to local media, citing a company statement, this will be a class action lawsuit on behalf of ordinary investors. Also, several employees of the law firm who lost their investments as a result of the collapse of the project may join the lawsuit.

LKB representatives also plan to file a complaint with the financial investigation department of the Seoul Police Department, as well as a request for seizure of Kwon’s property to the city’s South District Prosecutor’s Office.

According to Yonhap, LKB lawyers are considering filing a lawsuit against project founder Daniel Shin.

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