Shocking effect in the cryptocurrency market Terra (LUNA) and UST The repercussions of the crisis still continue.
After South Korean officials launched an investigation into the LUNA collapse, the country’s police also launched a nonprofit Luna Foundation Guard (LFG) took action to freeze their assets.
South Korea’s local news source of KBS Police took measures to freeze LFG’s assets, according to the report.
The Seoul Metropolitan Police Service has asked exchanges to freeze withdrawals of any corporate funds from accounts owned by LFG.
Police said in a statement that they had obtained clues of embezzled funds in LFG’s transactions, and therefore interfered with LFG’s assets.
KBS wrote that the freezing process demanded by the country’s police was not binding, and in this context, it could not be determined how much of the institutional funds were restricted.
South Korean officials TOP and LUNA expanding their investigation after the collapse.
Because the South Korean government will hold an emergency meeting tomorrow with the officials of the country’s five largest cryptocurrency exchanges, Upbit, Bithumb, Coinone, Korbit and Gopax.
One of these exchanges, Coinone, announced that it suspended the trading of Terra (LUNA) after the UST crisis.