about 4 months ago
According to legal scholars, Terraform Labs CEO Do Kwon is unlikely to face legal charges in the United States for the collapse of cryptocurrency terra and stablecoin terraUSD. They added that civil charges, such as litigation by cryptocurrency investors, are more plausible. The recent demise of cryptocurrency terra and algorithmic stablecoin terraUSD has prompted issues about whether Do Kwon, the project's founder, may be held liable. According to a media outlet, Randall Eliason, an academic professor in law at the George Washington University Law School who spent 12 years as an assistant United States attorney for the District of Columbia, says “Kwon is not likely to be charged with a crime.” He said that it's not like a homicide case when witnesses are brought to testify about who fired the gun, and that prosecutors must prove criminal misbehavior beyond a reasonable doubt. We're trying to prove what was going on in someone's head, according to the legal expert. This is frequently a time-consuming procedure.
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