South Korean police made the first high-level arrest in the Terra (LUNA) case. Terraform Labs’ Yoo Mo was arrested on October 6.
a local news agency 6 October Terraform Labs Business Team President Yoo Mo, by South Korean police arrested. District Attorney Choi Sung-Kook confirmed the news.
According to the information received, the Seoul Southern District Court, October 5th filed an arrest warrant against Yoo on charges of violating capital markets laws, fraud, and misconduct. With the request being accepted by the court on October 6, law enforcement took action. Sources state that in the Terra case, an arrest warrant was requested. the first critically important actor He suggested that it was Yoo Mo.
Yoo Mo’s by the prosecutors working on the case LUNA your price manipulating in the name of algorithmic trading robots allegedly used. In addition, with the help of robots, the market more liquid than was also among the allegations made against Mo.
on the other hand South Korean Ministry of Foreign Affairs the passport of Terra CEO Do Kwon, whose whereabouts are currently unknown. for cancellation started working.