Terra Co-Founder Shin, Nine Others Indicted by South Korea – Bloomberg

South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law related to the Terra cryptocurrency project, which imploded last year.

Prosecutors froze 246.8 billion won ($184.7 million) in assets from the people so far, Dan Sung Han, the head prosecutor who leads the financial crime investigation department, said at a press briefing on Tuesday.

Officials indicted eight people including Shin for illegal trading and two additional individuals for breach of trust. Those charged are all directly linked to Terra, including in marketing, systems development and management, prosecutors said.

Source: Terra Co-Founder Shin, Nine Others Indicted by South Korea – Bloomberg