Korean authorities are taking more powerful measures to serve investigations into the Earth (LUNA) and UST collapse.
According to the information company JTBC News of South Korea, the money assets group “Death” not long ago re-established by the Seoul government to investigate LUNA-UST issued a choice to ban the exit and motion of personnel and former personnel of Terraform Labs, the firm behind the Terra (LUNA) cryptocurrency venture and UST stablecoin. The choice could be a preparatory phase for officials to investigate more about the venture and why it failed. Prosecutors not long ago summoned a number of Terra personnel to testify.
This details was also confirmed by former Terraform worker Daniel Hong, who mentioned on Twitter the following:
halt pondering why I could not get to the New York frens, here is why: the Korean government has imposed an exit ban on all ex-@terra_money personnel nowadays pic.twitter.com/5Jds99ZNwQ
– Daniel Hong (@unifiedh) June 20, 2022
“Don’t ask me why I can’t go to New York, here’s why: the Korean government today issued an exit ban for all former Terra employees.”
Mr. Daniel Hong mentioned he was not informed in advance due to the choice since authorities had been concerned that the suspect would flee or ruin the proof. This individual believes that he and former Terra personnel are getting handled as “criminals” and can not accept it.
However, there are opinions that this is a essential action to serve the investigation. The FatManTerra account, one particular of the voices critiquing and revealing lots of behind-the-scenes tricks of LUNA-UST given that the model’s collapse, commented:
Speaking of which, the ex-TFL / TFL line is blurry, since 90% of TFL personnel deleted all their social media (which includes LinkedIn) from references to Terra (we have archives, but nevertheless) and lots of worked remotely (it truly is a distributed global crew), so this move is pretty essential
– FatMan (@FatManTerra) June 20, 2022
“Current and former Terraform Labs personnel have been prevented from leaving Korea. Some are overseas and can not be contacted [ám chỉ CEO Do Kwon]. If you received wealthy by means of a scam, you deserve to be punished. If you are innocent, be brave ample to testify in court.
It really should be extra that the former / present worker of Terraform Labs is pretty hard to define, since 90% of personnel have eliminated traces of function for Terra from social networks and lots of other personnel function remotely, so this move from aspect of the government is essential. “
As reported by Coinlive, Terraform Labs and CEO Do Kwon are dealing with various lawsuits in the United States and South Korea in excess of the disappearance of LUNA-UST.
The firm is also getting investigated by South Korea for alleged $ 78 million tax evasion and embezzlement, but has been denied by Mr. Do Kwon.
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