LUNA Founder’s Second Project Raided!

happened in May Terra (Luna) and TOP After the collapse, South Korean prosecutors launched an investigation against Terra and her co-founders Do Kwon and Daniel Shin.

According to the news of Forkast, the prosecutors, who took various steps within the scope of the investigations, finally Terraform LabsDaniel Shin, one of the co-founders of , raided the headquarters of Chai Corp., another company he is a partner in.

Seoul-based payment technology company Chai Corp.The raid yesterday was carried out by the Financial and Securities Crimes Joint Investigation Team of the Seoul Southern District Attorney’s Office.

The report stated that Shin’s partner Chai Corp has a partnership with Terraform Labs.

Also, Chai company terra He also said that his network has integrated its earnings-pegged stablecoin, KRT, into its payment service.

South Korean prosecutors allege that Shin’s company is using customers’ personal information without permission.

Prosecutors accuse Shin of hiding Luna tokens without notifying regular investors and then selling the tokens for $106 million.

In this context, prosecutors called Shin earlier this week as part of the investigation into whether he violated capital markets law.

Prosecutors, terra co-founder Do Kwon He continues to act on it. Because prosecutors issued an arrest warrant for Kwon’s arrest in September, but Kwon has still not been caught.

Kwon has not been caught, and his whereabouts are still unknown. However, the latest news showed that Kwon is in Europe.

Kwon, who did not disclose his whereabouts, states that he is not a fugitive, and that the accusations against him are politically motivated.

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