South Korea Confirms TerraForm Labs Co-Founder Trial Date

• Founded in 2018, TerraForm Labs faces legal consequences due to the UST crash.
• TerraForm Labs co-founder Daniel Shin is ordered to arrive at court in late May.
• After two attempts, prosecutors still failed to get an arrest warrant on Mr. Shin.

South Korean authorities are continuing to investigate last year’s Terra Luna fiasco. Daniel Shin of TerraForm Labs is scheduled to arrive for the first hearing on May 26th, 2023.

This has been revealed by the Seoul Southern District Court, which also charged seven other co-founders of TerraForm Labs, including the notorious crypto fugitive Do Kwon. Meanwhile, Kwon is in a Montenegrin jail, awaiting repatriation back to South Korea.