Prosecutors issue arrest warrant for former Tmon representative in relation to 'Terra Luna Incident'

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

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stockmk2020@alphabiz.co.kr | 2023-02-16 05:24:28

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[Alpha Biz=(Chicago) Reporter Kim Jisun] A joint investigation team of financial and securities crimes at the Seoul Southern District Prosecutors' Office, which is investigating the crash of virtual currency Terra and Luna, said on the 15th that it has requested an arrest warrant for Yoo, former CEO of Tmon, on charges of breach of trust.

According to the prosecution, Yoo was asked by Shin Hyun-sung, former head of Chai Corporation, who was chairman of Timon's board of directors, to introduce Terra to Tmon as a means of simple payment in 2018∼ 2020, and is accused of taking Luna coins in return.

An arrest warrant has been sought for broker Ha, who was in charge of lobbying former CEO Shin and the financial sector in connection with Terra, on charges of mediation.

Former CEO Shin is a co-founder of Teraform Labs with Kwon Do-hyung, CEO of Teraform Labs. Terra and Luna are suspected of continuing to issue them without informing investors, even though they knew that they were likely to plunge together.

 


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