Former and Current CEOs of Terraform Labs Subsidiaries Have Assets Totaling $93 Million Frozen

Dec 20,2022
KingData News: The Seoul South District Court in South Korea has accepted the prosecution's request to freeze the assets of three early investors in Terra and Luna and four key personnel in the development of the technology, including the 120 billion won assets (approximately $93 million) of the former and current CEOs of Terraform Labs' subsidiary, Kernel Labs. The seven people whose assets were frozen by the prosecution are accused of making huge profits from the sale of pre-release Luna, as well as allegedly forcing the issuance of cryptocurrencies without informing investors.
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