South Korean Police Requests Freezing of Luna Foundation’s Wealths

South Korean Police have requested from exchanges to freeze the assets of the non-profit foundation Luna Foundation Guard (LFG).

KBS in the local press 23 May According to the news dated South Korean police, Luna Foundation Guard took action to freeze the assets associated with it. Seoul Police Servicefrom multiple exchanges Allows Luna Foundation Guard to block withdrawals demanded. According to the news, the police are inside the Luna Foundation. hints of embezzled funds After finding it, he took action and made a request.

Also in the news not legally obliged to fulfill this request. and it is unclear whether they will act in this direction.

Last week, one of the country’s leading law firms LKB & Partners, LUNA and TOP Korean citizens for investors who lost money from the collapse CEO DoKwonand that they would file a complaint with the Financial Investigation Unit of the Seoul Police Service.

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Echoes of LUNA and UST collapse continue

According to local media reports, Korean officials are meeting with representatives from the five largest exchanges in South Korea this week regarding the collapse of the Terra ecosystem. Upbit, Bithumb, Coinone, Korbit and of Gopax It is expected that the authorities will decide whether investors will hold the exchanges responsible for the loss of funds and demand that the exchanges implement a new investor protection policy.

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