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Terra Co-Founder Daniel Shin Indicted for Cryptocurrency Fraud in South Korea

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Source: The Verge
Terra Co-Founder Daniel Shin Indicted for Cryptocurrency Fraud in South Korea
Photo: The Verge
TL;DR

Daniel Shin, co-founder of Terraform Labs, has been charged with fraud, breach of duty, and embezzlement in connection with the collapsed Terra and Luna cryptocurrencies. Nine other people with ties to Terra have also been indicted. South Korean authorities have frozen a total of 246.8 billion won (about $184.7 million) in assets from the individuals charged. Shin's lawyer claims he has nothing to do with the collapse and has been cooperating with the probe for over 10 months.

Topics:business#cryptocurrency#fraud#luna#south-korea#terra
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  1. Terra co-founder Daniel Shin charged with fraud in South Korea  The Verge
  2. Terra Co-Founder and Nine Staff Indicted for Role in Crypto Collapse  Gizmodo
  3. South Korea Indicts Co-Founder of Failed TerraUSD Cryptocurrency  The Wall Street Journal
  4. Terra blockchain founder Daniel Shin indicted in South Korea  Engadget
  5. Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg  CoinDesk

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