A South Korean judge has reportedly revoked a recent arrest warrant issued against officials of Terra (LUNA) founder Do Kwon.
according to the new report According to Yonhap News, a local newspaper, Hong Jin-pyo, chief judge in charge of warrants at the Seoul Southern District Court, said Shin Hyun-sung, one of the founders of Terraform Labs, and several other Terraform Labs co-founders. It has dismissed arrest warrants issued against those involved. Quon.
Hong said he dismissed the warrant after questioning the suspects and said he did not believe they would attempt to flee or destroy evidence.
“Considering his attitude toward the investigation, the situation, the course of events, and the content of his statements, it is difficult to conclude that there is a danger that he will destroy evidence or go beyond the scope of his right to self-defense and escape,” he said.
Earlier this week, South Korean prosecutors issued arrest warrants for Kwon’s associates, including Shin, alleging that Kwon illegally profited from selling pre-issued LUNA tokens after the Terra ecosystem collapsed. charged.
However, Shin denies the charges.
“I left[Terraform Labs]two years before Terra and Luna collapsed, but I had nothing to do with the collapse.”
Singh is also the CEO of payment platform Chai Corporation, who has been further accused of leaking customer data to Terra.
In November, South Korean authorities seized more than $100 million from Shin, claiming he profited from illegally sold LUNA.
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