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South Korean Prosecutors Seek Arrest Warrant for Terraform Co-Founder Daniel Shin
Summary: South Korean prosecutors have sought an arrest warrant for Daniel Shin, co-founder of Terraform Labs, according to reports by South Korean newswire service Yonhap. Shin is being charged for embezzling profits earned from selling $105 million worth of LUNA, as well as violating the Electronic Financial Transaction Act by using customer data from his other ...
South Korean prosecutors have sought an arrest warrant for Daniel Shin, co-founder of Terraform Labs, according to reports by South Korean newswire service Yonhap.
Shin is being charged for embezzling profits earned from selling $105 million worth of LUNA, as well as violating the Electronic Financial Transaction Act by using customer data from his other company Chai to promote Luna.
Shin denied the selling of LUNA, and Chai said that all of its customer data are kept in accordance with local privacy laws.
Author: Katie Lin
Tags: arrest warrant,Chai,Daniel Shin,Electronic Financial Transaction Act,LUNA,prosecutors,Terraform Labs,Yonhap
Link: South Korean Prosecutors Seek Arrest Warrant for Terraform Co-Founder Daniel Shin [Copy]
