Former Terra CFO claims no connection to LUNA collapse, parted ways with Do Kwon three years ago

2023-10-30 17:27:46

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ChainCatcher news, according to South Korean media reports, today the代理律师 of former Terra Chief Financial Officer (CFO) Han Chang-joon stated: "Han Chang-joon parted ways with Do Kwon in 2020 due to work reasons, and the collapse of Terra and Luna occurred after their separation, which was caused by the unreasonable operation of the Anchor Protocol and external factors, and has nothing to do with Han Chang-joon."

Han Chang-joon's lawyer also stated that the investigation into Han Chang-joon is based on the premise that "the Terra project was non-compliant from the beginning," but there are no restrictions on virtual asset settlement services in South Korea. Additionally, the lawyer denied the securities nature of virtual currencies. The country's investigative agency believes that virtual currencies have securities attributes, marking the first case to be prosecuted for violating the Capital Markets Act.

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