Terra's general affairs head Yoo was arrested on charges of violating capital market laws, fraud, and negligence
Chain Catcher news, according to Forkast, South Korean prosecutor Choi Sung-kook confirmed that the Seoul Southern District Prosecutor's Office issued a court order against Terra's general affairs head Yoo on Wednesday, with charges including violations of the Capital Markets Act, fraud, and negligence. In addition, prosecutors accused Yoo of using bot programs to exaggerate and manipulate the market price of Terra cryptocurrency.
It is reported that Yoo is a member of Do Kwon's inner circle at Terra. According to an announcement posted on the South Korean Ministry of Foreign Affairs website, Do Kwon's passport will be revoked. (Source link)
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