Prosecutors Launch A New Terra-LUNA Investigation! 185 Million Dollars of Assets Frozen!

experiencing a major collapse in May 2022 Terra (Luna) and its founding partners, the investigations launched in South Korea continue.

According to Bloomberg’s report, South Korean prosecutors within the scope of these investigations Terra-LUNA Terra co-founder regarding the crisis Daniel Shin accused 10 people of violating the capital market law.

Prosecutors argued that all 10 of those charged were directly related to Terra, including in marketing, systems development and administration.

Prosecutors also stated that as part of the investigation, they had frozen $185 million (246.8 billion won) of assets linked to the 10 people charged.

Terra’s stablecoin in prosecutors statement TerraUSDThey stated that it is impossible to get the algorithm correct, which helps keep .

Making a statement after the prosecution’s accusation, Daniel Shin’s lawyer, Kim Ji-dong, used the following statements:

“My client had nothing to do with the Terra collapse, as he left the company two years before the ridiculous incident in May.

He voluntarily returned to South Korea immediately after the collapse, and for more than 10 months we have been faithfully cooperating with the investigation and contributing to the discovery of the truth.”

Speaking in the statement, Attorney General Dan Seong-han said that the prosecution’s decision to support TerraForm Labs (TFL) and LFG’s Bitcoin (BTC) It said it will continue to monitor its assets and transactions.

Attorney General Terra added that co-founder Do Kwon cashed some of the Bitcoins last year, but still has millions worth of Bitcoin in a Swiss bank.

*Not investment advice.