The South Korean investigators have approached the court to seek an arrest warrant for Terraform Labs co-founder Daniel Shin, along with seven other engineers and investors of the firm, following suspicion of gaining illegal profits before the massive collapse of the Terra ecosystem.
Recall that the Terra co-founder and Shin’s colleague, Do Kwon, are currently facing prosecution over the project’s collapse. It is worth noting that the crash of the Terra ecosystem manifested last May contributed to the worsening market conditions ravaging the crypto sphere. Investors lost millions of assets to the crash, prompting interventions from numerous global investigators.
However, amidst the ongoing investigation into the issue, Shin has continued to debunk his relationship with the Terra project and denied his involvement in the its collapse.
"I left two years before the collapse of Terra and Luna and have nothing to do with...
