Prosecutors have charged Daniel Shin, who with Do Kwon co-founded the company behind the failed TerraUSD and Luna cryptocurrencies, in connection to a digital-currency crash last year
Jiyoung SohnSEOUL—South Korean prosecutors charged Daniel Shin, who with Do Kwon co-founded the company behind the failed TerraUSD and Luna cryptocurrencies, in the latest legal action following a crash thatThe Seoul Southern District Prosecutors’
Office charged 10 people on Tuesday, including Mr. Shin, saying individuals involved with Terraform Labs Pte. Ltd. had reaped at least 462.9 billion won, equivalent to around $346 million, in profits by selling off their cryptocurrencies before the crash.
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