South Korean media report prosecutors are seeking an arrest warrant for Terraform Labs' hyunsung1112. thesamreynolds reports.
that prosecutors are seeking an arrest warrant for Daniel Shin, co-founder of Terraform Labs.
Yonhap says prosecutors are charging Shin with taking illegal profits as he sold $105 million of LUNA at a market high without informing investors. He's also being charged with violating the Electronic Financial Transaction Act for using customer data from Chai, a separate firm he managed, to promote Luna.
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