Terra Co-Founders to Face Fraud Charges in South Korea

The challenges ahead for Terra’s co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week.

As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against CEOs Do Kwon and Daniel Shin for alleged fraud.
Besides the planned official complaints filed with the Seoul Metropolitan Police Agency against Kwon on charges of fraud, the aggrieved investors are notably working with RKB & Partners to file for the seizure of the duo’s real estate.
Munhwa also reported that six …

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