Backup Header Below

Report: South Korean Prosecutors Raid Home of Terraform Labs Co-Founder

A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data.

Following the fall of the UST stablecoin and the LUNA cryptocurrency, authorities in South Korea have sought to impose a tougher regulatory framework for cryptocurrencies.

Meanwhile, as per the Korean language Chosun Biz report, the prosecutors’ raids on individuals as well as companies associated with Kwon were sparked by disgruntled LUNA investors who raised fraud allegations in their lawsuits against the CEO.

What are your thoughts on this story? Let us what you think in the comments section below.

source

Other Press Releases

How Top Media Outlets Shape Public Opinion

Media influence also extends to political elections. Endorsements from top media outlets can significantly sway public opinion, impacting the outcomes of elections. Voters often rely on the endorsements of respected

Read More »