The court’s request for an arrest warrant for Daniel Shin, co-founder of bankrupt cryptocurrency issuer Terraform Labs, has been denied by the judge.
According to a local news agency, he is the co-founder of Terraform Labs. Daniel Shin request for an arrest warrant Judge Hong Jin-Pyo rejected by In addition to Daniel Shin, along with Shin, an arrest warrant was requested against them. four developers and three early stage investors The demands made against him were also made by the judge. denied.
South Korean prosecutors 30 November that he held LUNA in his hands without notifying investors on the date of 104 million dollars in exchange for his new venture, Chai Corp., of which he is also the CEO. They had requested an arrest warrant from the court for co-founder Daniel Shin, on allegations of improper use of their customers’ data.
Jin-Pyo’s investigative attitude, conditions, period and statements of individuals taking into account the destroying the evidence or the scope of exercising the right of legitimate defense outside emergence quite the risk low He stated that there was no need for such an order. Daniel Shin’s new venture, Chai Corp. spokesperson said that although the company was raided by law enforcement in mid-November, what happened was just a misunderstanding, and that CEO Shin had no contact with legal bodies. determined to cooperate had announced it.
In addition, the Seoul Prosecutor’s Office 29 November Terra CEO Do Kwon’s return to the country, given his legal status, said in a report published on low probability information was given. Do Kwon’s arrest warrant and Interpol issued red notice continues. On the other hand, Terraform Labs spokespersons said that the refusal of the arrest requests did not have enough evidence in the hands of South Korean prosecutors about the LUNA case. that they act only in anger claims to show.