According to Bloomberg, a court has also issued arrest warrants for five others on allegations that they violated South Korea's capital markets law ❌
Investigations into Terra's collapse have been taking place in the U.S. as well as South Korea, with UST's failure sparking newfound scrutiny of algorithmic stablecoins.
Kwon was asked how he felt about the prospect of jail time in an interview with Coinage last month, he replied by saying: "Life is long." Prosecutors also raided the home of Daniel Shin, the co-founder of Terraform Labs, back in July — and Kwon said he felt "terrible" about it."It's kind of hard to make that decision. We've never been in touch with the investigators, they've never charged us with anything."
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