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Benzinga
Benzinga
Business
Samyuktha Sriram

Terra (LUNA) Founder Do Kwon Faces $78M Fine For Tax Evasion

Terra (CRYPTO: LUNA) founder Do Kwon has reportedly been ordered to pay 100 billion won or $78 million in taxes by South Korea’s National Tax Service.

What Happened: According to a report from local news outlet Naver, the country’s tax authorities found Terra’s parent companies – The Ancore Company and Terraform Labs – guilty of evading corporate and income tax.

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