2 years ago
A warrant for the apprehension of Do Kwon and 5 others has reportedly been issued by prosecutors successful South Korea. The prosecutors allege that Kwon and his co-accused violated the country’s superior markets law. In summation to the apprehension warrant, prosecutors volition reportedly petition an Interpol reddish announcement for the Terraform Labs main enforcement officer.
Terraform Labs Executives Accused of Violating South Korean Capital Markets Law
Prosecutors successful South Korea person reportedly issued an apprehension warrant for Terraform Labs co-founder and main enforcement serviceman Do Kwon. The prosecutors allege that Kwon and 5 different Terraform Labs affiliates, among different charges, violated the country’s superior markets law.
Choi Sung-kook, a authoritative astatine the Seoul Southern District Prosecutors’ Office, is quoted successful a report by Forkast News confirming the contented of the apprehension warrant. However, arsenic per the report, Sung-kook would not beryllium drawn into revealing the different charges that person been leveled against Kwon and his partners.
Since the spectacular collapse of the cryptocurrency LUNA (now LUNC) and the once-stable coin UST (now USTC), South Korean prosecutors person been investigating Kwon and his associates. However, until present nary apprehension warrant had been issued against the Terraform Labs CEO and his affiliates.
Interpol Red Notice
In the meantime, a study successful Nikkei Asia quotes an unnamed “spokesperson for prosecutors” besides confirming the issuing of an apprehension warrant for six people.
“An apprehension warrant has been issued for a full of six people, including Do Kwon, who is presently residing successful Singapore,” the spokesperson is quoted saying.
Besides Kwon, the Forkast News study identified the erstwhile caput of probe astatine Terraform Labs, Nicholas Platias, and the CEO of Chai Corporation — simply known arsenic “Han” — arsenic the 2 different wanted individuals.
In summation to the apprehension warrant, South Korean prosecutors reportedly said they volition question an Interpol reddish announcement for Kwon.
Reports of South Korean prosecutors issuing an apprehension warrant for Kwon and 5 others travel conscionable days aft the terms of LUNA 2.0 — the successor to Luna — surged by much than 200% successful conscionable 24 hours. However, astatine the clip of writing, the U.S. dollar worth of the token has dropped to $2.90 from a precocious of $6.87.
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