The SEC highlighted the progress in Kwon’s extradition case, whose fate has been uncertain for months. The question of whether Kwon will be extradited to the United States or his native South Korea remains unresolved.
Like many stablecoins, BTG Dol token is also pegged to the US dollar.
As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong. According to the reports from the authorities, Kim has illegally gained at least 79 billion won ($61 million).