South Korea Indicts Co-Founder of Failed TerraUSD Cryptocurrency

Prosecutors charged Daniel Shin of violating capital-markets laws in the latest legal action following a digital-currency crash last year.

• 2023-04-26
• TerraUSD South Korean prosecutors Daniel Shin federal prosecutors Do Kwon CRYPTO South Korea South Korean won

The cofounder of Terraform Labs was indicted by South Korea on charges related to the $60 billion crypto crash, report says

Shin's lawyer said that the exec has "nothing to do with the Terra, Luna collapse as he left the company two years before the fallout."

• 2023-04-26
• South Korea Terraform Labs Daniel Shin capital markets law