An electronic board shows cryptocurrency diving during a trading session in Seoul in May, as the Luna and UST meltdowns wreaked havoc on the global financial market. Photo: EPA-EFE
An electronic board shows cryptocurrency diving during a trading session in Seoul in May, as the Luna and UST meltdowns wreaked havoc on the global financial market. Photo: EPA-EFE
South Korea

South Korea seeks arrest of Terra-Luna co-founder Daniel Shin

  • The collapse of the Terra stablecoin and its sister cryptocurrency Luna in May resulted in losses to hundreds of thousands of investors worldwide
  • Prosecutors investigating the crash are looking to charge Shin, who co-founded Terraform Labs with CEO Do Kwon, and 7 others with fraud and other offences

An electronic board shows cryptocurrency diving during a trading session in Seoul in May, as the Luna and UST meltdowns wreaked havoc on the global financial market. Photo: EPA-EFE
An electronic board shows cryptocurrency diving during a trading session in Seoul in May, as the Luna and UST meltdowns wreaked havoc on the global financial market. Photo: EPA-EFE
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