The South Korean court has frozen approximately $93 million in assets related to personnel from Terra's subsidiary Kernel Labs

ChainCatcher news, according to South Korean media Daily News, the Seoul Southern District Court recently accepted the prosecution's request to freeze the assets of three early investors in Terra and Luna, as well as four key personnel involved in technical development. This includes 120 billion won (approximately 93 million USD) in assets belonging to the former and current CEOs of Terraform Labs subsidiary Kernel Labs. These individuals are accused of selling pre-issued Luna to make huge profits.

It was previously reported by some media that Do Kwon is suspected of laundering money through a South Korean shell company named Kernel Labs. (source link)