The SEC accuses Kwon of diverting 10K units of Bitcoin from Terra. The Securities and Exchange Commission (SEC) has alleged that Terra co-founder Do Kwon and TerraForm Labs (TFL) were involved in money laundering following the ecosystem collapse in May 2022. SEC’s Complaint Against Kwon The SEC made this known in a 55-page complaint filed in The post SEC Says Do Kwon Laundered Over 10,000 Bitcoin From Terra and Luna Foundation Guard (LFG) first appeared on The Crypto Basic .