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Terraform co-founder Daniel Shin charged with fraud in South Korea: reports

Crypto Published: April 25, 2023 at 11:28 p.m. ET Terra and Luna crypto coins collapsed last year, wiping out about $40 billion in value. Getty Images/iStockphoto Terraform Labs co-founder Daniel Shin was reportedly indicted in South Korea on Tuesday in connection to last year’s implosion of TerraUSD and Luna crypto coins. South Korea’s Yonhap, the
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terraform-co-founder-daniel-shin-charged-with-fraud-in-south-korea:-reports

Crypto

Terra and Luna crypto coins collapsed last year, wiping out about $40 billion in value.

Getty Images/iStockphoto

Terraform Labs co-founder Daniel Shin was reportedly indicted in South Korea on Tuesday in connection to last year’s implosion of TerraUSD and Luna crypto coins.

South Korea’s Yonhap, the Wall Street Journal and Bloomberg News reported that Shin, 38, faces charges including fraud, breach of duty and embezzlement. At least eight others were also said to be indicted on charges on illegal trading.

Bloomberg…

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