Do Kwon appears to be in deeper legal danger as new charges surface accusing him of more financial misdeeds.
Do Kwon is linked to a blockchain consultancy firm Kernel Labs, according to FatManTerra, who appears to never sleep. Korean news site also reported on the news stating.
- “National Tax Service was caught by the fact that last year, Terra received a virtual currency worth about 6 billion won from Terra.”
Last year, Do Kwon was punished for tax evasion and forced to pay a total of 100 billion won ($80 million) in taxes. The amount is projected to climb over time, as bitcoin in South Korea is only taxed on realized gains. According to the fresh charges, this isn’t the only crime for which he’s being probed.
