{"id":255770,"date":"2022-08-17T15:30:09","date_gmt":"2022-08-17T14:30:09","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=255770"},"modified":"2022-08-17T15:17:38","modified_gmt":"2022-08-17T14:17:38","slug":"do-kwon-hires-lawyer-in-preparation-for-defense-in-south-korea","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/do-kwon-hires-lawyer-in-preparation-for-defense-in-south-korea\/","title":{"rendered":"Do Kwon hires lawyer in preparation for defense in South Korea"},"content":{"rendered":"<p>Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea's legal actions, South Korea-based Naver <a href=\"https:\/\/n.news.naver.com\/mnews\/article\/215\/0001048838\">reported<\/a>\u00a0Aug. 17.<\/p>\n<p>Kwon reportedly submitted an attorney's appointment letter to the prosecutor's office. The report did not reveal the lawyer's name or the law firm.<\/p>\n<p>The Seoul Southern District Prosecutors' Office has been investigating several leads that led to the implosion of Terra's ecosystem. The prosecutors recently <a href=\"https:\/\/cryptoslate.com\/south-korean-investigators-raid-7-local-exchanges-in-terra-probe-report\/\">raided<\/a> crypto exchanges and homes of Terraform Labs executives.<\/p>\n<p>In a recent <a href=\"https:\/\/cryptoslate.com\/crypto-community-wants-new-do-kwon-interview-because-it-learned-nothing-from-first\/\">interview<\/a>, Do Kwon claimed that South Korean prosecutors were yet to file any charges against him or contact him. However, the prosecutors had <a href=\"https:\/\/cryptoslate.com\/south-korea-issue-notification-of-arrival-for-terras-do-kwon\/\">issued<\/a> him a &#8220;notification upon arrival&#8221; notice.<\/p>\n<p>Kwon also said he would be completely honest with prosecutors and the courts by providing relevant facts about the crash. When asked about the possibility of jail, he <span class=\"s4\">said<\/span>, &#8220;Life is long.&#8221;<\/p>\n<h2>South Korean police seize virtual currency for fine collection<\/h2>\n<p>South Korean police have <a href=\"http:\/\/www.joongboo.com\/news\/articleView.html?idxno=363554188\">introduced<\/a> virtual currency seizure as a means of a fine collection.<\/p>\n<p>The Gunpo Police Station claimed that this collection method is suitable for this period where COVID-19 remains an existential challenge.<\/p>\n<p>The initiative is part of the National Police Agency virtual asset seizure pilot project, which analyzed the virtual asset holdings of habitual delinquents with over 1 million won arrears.<\/p>\n<p>It found a delinquent who was owing 2.5 million won in traffic fines but\u00a0owned 50 million worth of virtual assets. The report revealed that the police division seized the funds to collect the fine arrears.<\/p>\n<p>Due to the program, Gunpo Police Station said it had achieved 88% of its 1 billion won collection target for non-payment of traffic fines. It means the station collected roughly 880 million won in the first half of the year &#8211;its highest collection rate in the last three years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea&#8217;s legal actions, South Korea-based Naver reported\u00a0Aug. 17. Kwon reportedly submitted an attorney&#8217;s appointment letter to the prosecutor&#8217;s office. The report did not reveal the lawyer&#8217;s name or the law firm. The Seoul Southern District Prosecutors&#8217; Office has been investigating [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76799,60793,11],"tags":[77718,77985,76937],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do Kwon hires lawyer in preparation for defense in South Korea<\/title>\n<meta name=\"description\" content=\"Terra&#039;s cofounder Do Kwon has hired a lawyer in preparation for his defense against South Korean prosecutors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/do-kwon-hires-lawyer-in-preparation-for-defense-in-south-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do Kwon hires lawyer in preparation for defense in South Korea\" \/>\n<meta property=\"og:description\" content=\"Terra&#039;s cofounder Do Kwon has hired a lawyer in preparation for his defense against South Korean prosecutors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/do-kwon-hires-lawyer-in-preparation-for-defense-in-south-korea\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T14:30:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-17T14:17:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/do-kwon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-hires-lawyer-in-preparation-for-defense-in-south-korea\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-hires-lawyer-in-preparation-for-defense-in-south-korea\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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