Former Terra developer testifies in South Korean court accusing Do Kwon of intentionally defrauding investors

According to reports from local media, Lee, a former developer at Terraform Labs, testified that co-founders Do Kwon and Shin Hyun-seung continue to promote TerraUSD stablecoin as a potential payment option for investors, despite knowing that such products are prohibited by local regulations. These testimonies were obtained during the third trial of eight former Terraform Labs members, including Shin, who were questioned as witnesses. Lee's full name was not disclosed due to privacy regulations in South Korea.