REFUSING TO PLACE

South Korea

South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that

South Korea Seizes Over $100 Million from Terra’s Co

Terra Co-Founder Daniel Shin Appears in South Korean

South Korea Seizes

⁠South Korea seizes $104M from Terra co-founder suspecting unfair profits. The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District

South Korea seizes $104M from Terra co-founder suspecting

South Korea Freezes $104 Million in Assets Belonging to Terra Co

Nearly Six Months After The

South Korea seizes $104M from Terra co-founder

Nearly six months after the Terra blockchain was officially halted, South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin

The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based

Terra Co-Founder Denies Making $100M Worth Unfair

Terra’s Co-Founder Reportedly Sold 70% LUNA Before

South Korean authorities seize Terra co-founder's assets worth

The Prosecution

⁠South Korea seizes $104M from Terra co-founder suspecting

The prosecution’s request is part of an ongoing investigation against Hyun-Seong for allegedly making profits illegally while launching the Terra ecosystem-related assets. At the same time

Shin’s defence has denied reports that he “sold Luna at a high point and realized profits or that he made profits through other illegal methods”.