The financial crimes unit of the Seoul Southern District Prosecutors Office discovered that Do Kwon, CEO and founder of Terraform Labs, wired $4.5 million to a South Korean law firm in July and August 2022, Digital Asset reported. The source also said Do Kwon continued to send money to the law firm after he traveled to Serbia via Dubai in September 2022. Foresight News previously reported that U.S. prosecutors filed criminal fraud charges against Do Kwon and sought his extradition to the U.S. after he was arrested by Montenegrin authorities. South Korean prosecutors are also seeking the extradition of Terra founder Do Kwon.