The Seoul prosecution has requested the issuance of pre-arrest warrants for Terra co-founder Daniel Shin and 7 others
ChainCatcher news, according to Yonhap News Agency, the Seoul prosecution has requested pre-arrest warrants for Daniel Shin, co-founder of Terra, and 7 others, accusing them of fraud, breach of duty, and violations of capital market laws. Among them, 4 are early investors in Terra Luna, and the other 4 are key personnel in the technical development of Terra and Luna.
Prosecutors believe that the design of earning 20% interest by depositing in Anchor is inherently fraudulent, and that the former CEO's sale of Luna for a profit of 140 billion won during the price surge constitutes improper profit. (source link)
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