The South Korean government has reformed its toughest financial investigation team and sent them after Do Kwon and Terraform Labs. Investors in the project are also launching criminal and civil suits against Kwon.

More legal trouble is on the way for Terraform Labs, as it was slapped with a $78 million fine by the South Korean watchdog.

The charge? Tax evasion.

The national tax agency of South Korea has penalized a 100 billion won fine on Terraform Labs and its co-founder Do Kwon for evading taxes.

Since day 1, we designed the TronVerse from a standpoint of inclusivity & collaboration with other #NFT & #GameFi projects๐Ÿš€

โœ๏ธWe’ve decided to write a thread on why collaboration will be one of the keys to the success of #TronVerse๐Ÿ”ฅ

In Light of UST and #LUNA Crash: G7 Countries to Discuss #Crypto Regulations (Report) ๐Ÿค” #BTC #TRON #ETH #BNB $BTC $TRX $ETH $BNB ๐Ÿคทโ€โ™‚๏ธ