Blockchain firm Terraform Labs has paid nearly $7m to South Korean law firm Kim & Chang, which it used as counsel prior to the collapse of its digital currency. Prosecutors are investigating Do Kwon, co-founder and CEO of the Singapore-based firm. Kwon was arrested in March in Montenegro, where he stands accused of travelling on false documents, with extradition to the US or South Korea under consideration. Around 200,000 people bought Terraform’s luna cryptocurrency and stablecoin terrausd, suffering heavy losses when they collapsed in May last year. Kwon is accused of masterminding a crypto fraud.
Japanese AI experts raise concern over bots trained on copyrighted material
The use of illegally obtained information to train artificial intelligence (AI) is raising concerns in Japan. Experts and researchers are...