Seoul's Southern District Prosecutors Office maintained Daniel Shin violated the Electronic Financial Transaction Act.
Recent Terra (LUNA) News
Hodlnaut's directors might have defrauded clients, the Singaporean police claimed.
Yoon Chang-Hyun wants to amend the law from South Korea to prevent another FTX-like scenario from happening.
The seizure is intended to prevent the Terra executive from disposing of the assets before his trial this week.
UST, the once-poster child for decentralized assets tied to the USD, de-pegged in May this year, wiping out billions in
Kwon promised to give more clarity on his whereabouts during an upcoming conference and invited police officers to participate.
HUSD has lost almost 70% of its valuation since Huobi stopped supporting trades for the token last week.
UST's collapse supposedly resulted in losses of nearly $190 for Hodlnaut.
The CEO of the VC firm was called as a witness for the inquiry on the Terra crash.
FatMan said it all boils down to "manipulation, lying to the public, and unfairly enriching themselves through mechanisms that were