Do Kwon's Terra Labs has $3.6 billion UST and USDT!

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New allegations against Terraform Labs of having enough assets in Tether (USDT) and TerraUSD to use in illicit activities.

As per coindesk Korea Reports, Terra Labs had close to $3.6 billion in USDT and UST that may have been used for price manipulation or money laundering.

The report added that CEO Kwon Do-Hyung has disclosed the use of data such as LUNA, UST, and BTC through his SNS or Terra Foundation.

However, on-chain data revealed that the source and use history of wallets directly owned or controlled by Terraform Labs and LFG is unknown.