Корејски тужиоци траже хапшење суоснивача Терра због продаје ЛУНА-е од 105 милиона долара

Terraform Labs co-founder Daniel Shin appeared in court Friday, at a hearing to decide whether he should be arrested for allegedly extracting illegal profits prior to the collapse of the Terra ecosystem.

По Кореја тајмс, Shin stands accused of selling a $105 million hoard of Terra’s LUNA tokens at the cryptocurrency’s peak price; the tokens had been pre-issued without regular investors being made aware of the fact. The court will decide whether to approve Shin’s arrest either Friday or Saturday, with prosecutors arguing that Terra’s LUNA cryptocurrency constitutes a financial investment security.

Шин тврди that more than 70% of his LUNA holdings were sold prior to the price surge, and that he still held a significant amount at the time of the cryptocurrency’s crash.

Along with Shin, seven other early investors and Terraform Labs engineers are also named in the warrant. According to local news outlet ЈТБЦ, one of those accused worked for Kernel Labs, a firm set up by former Terra developers.

Where is Terra’s Do Kwon?

South Korean authorities issued an налог за хапшење for Terraform Labs’ CEO and co-founder Do Kwon in September, with Kwon тврдећи that he is “not on the run” despite being the subject of an Интерпол црвено обавештење. In October, his passport was поништено од стране јужнокорејских власти.

Do Kwon’s legal woes have continued to mount, with a Групна тужба од 57 милиона долара brought against the Terra co-founder in late October.

Екосистем Терра имплодирао in May 2022, wiping out some $40 billion of investors’ funds in weeks. The collapse sent shockwaves through the crypto market, with the price of Bitcoin and other cryptocurrencies tumbling, and ultimately leading to the bankruptcies of crypto lenders including целзијус, Воиагер БлоцкФи, и хеџ фонд Капитал с три стрелице.

Blockchain analytics firms including Нансен Глассноде have also reported that the collapse of Terra led to the downfall of now-bankrupt crypto exchange FTX, as крипто зараза spread throughout the industry.