South Korean prosecutors have requested an arrest warrant for Terraform Labs co-founder Daniel Shin.
a local news agency 30 November South Korean prosecutors, Terraform Labs co-founder, according to a report on Daniel Shin He asked for a warrant for his arrest. Shin is charged with unauthorized use of customer data and illegal sale of LUNA.
According to the accusations, Shin later sold his large amounts of LUNA assets at a high price without notifying investors. 104 million dollars made a profit. It was also alleged that the identity information and data of customers were used without permission by the FinTech company Chai Corporation, of which Shin is the CEO.
Seoul Southern District Attorney’s Office outside Shin three Terraform Labs investors and four engineers He also issued a warrant for his arrest. On the other hand, some of the former employees of Terraform Labs ban on leaving the country was brought. Daniel Shin, in his defense, said that he left Terraform a long time ago and severed his ties repeated his words. Authorities announced that in mid-November Chai Corp. raided his office.