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Browse: Home / 2022 / July / 22 / Terra Founder Shin’s Home Raided as Korea Widens TerraUSD Crypto Probe – Bloomberg

Terra Founder Shin’s Home Raided as Korea Widens TerraUSD Crypto Probe – Bloomberg

By Securities Docket on July 22, 2022, 9:32 am

South Korean prosecutors raided the home of Terraform Labs co-founder Daniel Shin, deepening a probe into allegations of illegal activity behind the collapsed stablecoin TerraUSD.

A series of raids on crypto-exchanges and offices on Wednesday also included Shin’s home and his payment app Chai Corp., the Seoul Southern District Prosecutors Office said via a text message, confirming an earlier report from MBC News. Police also visited two affiliated firms, a spokesperson for the prosecutors said, declining to provide further detail in an ongoing investigation.

Source: Terra Founder Shin’s Home Raided as Korea Widens TerraUSD Crypto Probe – Bloomberg

Posted in Global, Top | Tagged South Korea, Terra

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