Daniel Shin, one of the founders of Terra (LUNA), blamed the collapse of LUNA and UST on Do Kwon.
According to the South Korean news platform Munawa Broadcasting Co, Terra’s co-founder Daniel Shin, who recently appeared in court in Seoul, the capital of South Korea, said: LUNA And TOP about the collapse blamed Do Kwon. Claiming that he was not involved in the collapse process, Shin said that he was not responsible for the events that took place. He left the company two years ago he repeated.
Last April, South Korean authorities accused Shin of being part of the multibillion-dollar cryptocurrency collapse and violating capital markets law. His lawyer said in April that Shin left the company two years before LUNA’s collapse.
The lawyer made his first defense in his defense at the last hearing. similar happened:
The reason for the LUNA and UST collapse was the irrational management of the Anchor Protocol by CEO Kwon and external attacks. This has nothing to do with Shin. The bilateral relationship between Shin and Kwon ended in 2020.
Daniel Shin did not attend the preliminary hearing of his case in South Korea and sent a written excuse to the South Korean parliament in early October. will not attend he explained.