Do Kwon hiring lawyers Preparing For legal action on its way ?

It has been difficult for us to make a decision because we have never been in contact with the investigators. They have never charged us with anything.

Do Kwon, founder of Terra, told crypto media startup Coinage that South Korean authorities have not contacted him or filed charges against him yet. When asked if he would return to Korea from Singapore, Kwon replied, “As an initial step, we plan to focus on education and infrastructure building to help companies and individuals to move onto the blockchain ecosystem.”

“It’s difficult to make a decision because we’ve never been in contact with the investigators. They’ve never accused us of anything.”

An unusual version of the Terra story?

The Seoul Southern District Prosecutors’ Office investigation into Do Kwon has prompted him to seek legal advice from a domestic law firm, according to the latest reports.

A recent local media report was translated recently,

It is reported that he recently submitted a letter of appointment to an attorney in Seoul.

Prosecutors are investigating the Terra ecosystem collapse, according to the report. They are collecting transaction records and other evidence, based on the report.

“In the last month, 15 locations, including seven virtual exchanges, Terraform Labs-related companies, and the homes of related individuals were raided and searched.”

Prosecutors have also demanded that Kwon alert them whenever he returns to Korea, according to reports. Current and former employees of Terraform, meanwhile, have been barred from leaving the country. No arrests have been made yet, however.

Who is responsible for the mess?

Coinage asked him during their interview if he planned to cooperate, and he replied, “Life is long.”

When asked about the ecosystem’s collapse, Kwon answered that he had not even considered such a possibility. However, he took responsibility for the same and said,

“However, if those opportunities had been presented, then the person who created these vulnerabilities is at fault. I, and only I, am responsible for any vulnerabilities that might have been presented, allowing short sellers to profit.”