Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard's Assets – Featured Bitcoin News

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard's Assets – Featured Bitcoin News
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The police have requested crypto exchanges to freeze the assets of the Luna Foundation Guard to prevent fund transfers. crypto cryptocurrency terra $LUNA $UST

The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts.The Seoul Metropolitan Police Agency’s Cybercrime ​​Investigation Unit announced Monday that it has launched an investigation into possible embezzlement by an employee of Terraform Labs, local media reported.

The police explained that there is evidence that embezzled funds had flowed into the Luna Foundation Guard’s accounts. The cybercrime unit has therefore requested major domestic cryptocurrency exchanges, such as Upbit and Bithumb, to “urgently” freeze the accounts belonging to the Luna Foundation Guard to prevent withdrawals of funds held at crypto exchanges.

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