Former Terra developer testifies in Korean court accusing Do Kwon of intentional fraud against investors.

According to BlockBeats news on February 6th, a former developer at Terraform Labs, Lee, testified in a South Korean court on Monday that the company's co-founders, Do Kwon and Shin Hyun-seung, are still offering TerraUSD stablecoin as a potential payment option to investors, despite knowing that local regulations prohibit such products. Due to South Korea's privacy regulations, Lee's full name has not been disclosed.