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


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.