Terra (LUNA) Co-Founder 104 Million Dollars Frozen by South Korea

A South Korean court has approved Terraform Labs co-founder Daniel Shin’s request for an injunction on $104 million in assets.

a local news agency 17 November South Korean prosecutors, the founder of Terraform Labs, have been dismissed from the court Daniel Shin’s 104 million dollar assets interim injunction requested to be placed. Court, prosecutors approved his request.

Shin collects the personal information of his customers by the prosecution by unauthorized use and prior to issuance without notifying investors LUNA holding the tokens that he later embezzled. Selling for $104 million was accused.

Daniel Shin was recently summoned to testify in the South Korean parliament about the Terra collapse, but he did not want to interfere with the course of the investigation. denied the request for testimony. Shin said in a statement that before the collapse of Terra, he was with the company and CEO Do Kwon. broke the bond between had suggested.

Authorities 16 November When Shin’s FinTech company raided Chai Croporation, the spokesperson of the company stated that Shin would cooperate with the authorities to resolve this misunderstanding.

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