In the aftermath of the Terra collapse, investigations by the police continue. Finally, Terra (LUNA) raided the home of co-founder Shin Hyun-seong and searched the house.
According to South Korea’s local news site Donga, on July 20, the Seoul Southern District Attorney’s Office Joint Financial and Securities Crimes Investigation Team announced that Terraform Labs co-founder Shin Hyun-seong. confiscated his house and made a search.
The institution had previously been associated with the Terra incident. 15 cryptocurrency exchanges had done research. In order to gather more information about Terra CEO Do Kwon and company employees, the prosecutor’s office Upbit, Coinone, Bithumb, Korbit and GopaxHe sent a team to the headquarters of 7 different crypto currency exchanges, including .
The institution also announced a large amount of major founding partners in 2019. suspected of tax evasion. explained.
The whereabouts of Terra CEO Do Kwon and co-founder Shin are unknown. According to some claims, these two have moved their home to Singapore but this is relevant. from both countries no explanation came.