A South Korean court has dismissed claims that the token, renamed LUNA Classic (LUNC) following the Terra collapse, is a security.
A local agency reported on April 23, South Korean court prosecutors’ LUNC securities allegations that that you refused conveyed. The decision currently applies to securities laws. in violation accused of investors And staff investigations. said it could lead to a dead end.
Wife of Terra co-founder Daniel Shin Hyun Seong Shin’s to their assets interim injunction aimed at putting to the prosecutor’s request In the corresponding decision, a regulation regulated in the Capital Markets Law of LUNC financial investment product to see as difficult was stated. In the past crypto currency cases of the Korean court, too to similar decisions Note that he signed.
Daniel Shin’s lawyer, to the decision referring to about the other actors involved in the case arrest your demands cancel demanded it.
Recently, the Seoul District Attorney’s Office, Daniel Shin And seven Terraform of your employee in total 160 million dollar worth of assets unfair allegedly constituted profits had seized.