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The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA a non-security under Korea’s Capital Markets Act.
Not a lot of progress was made in the metaverse in 2022. Many people have speculated that interest in the
Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors [...]
The post Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder appeared first on Crypto Breaking News.
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