No products in the cart.
More than a week later, South Korean officials ended the raid on the crypto company in connection with the July 27 Terra incident, Yonhap News report..
The Southern Seoul Prosecutor’s Office is investigating the collapse of TerraUSD (USTC) and allegations of fraud against Terraform Labs co-founders DoKwon and Daniel Shin.
On June 20, prosecutors began searching and seizing seven local cryptocurrency exchanges and eight other locations, including offices and residences of those involved in the case.
According to Yonhap News Agency, the attack lasted for a week due to the huge amount of data requested by the authorities.
According to Yonhap News Agency, if the data were inadequate, authorities requested data analysts to extract more data, prolonging the search and seizure.
Authorities analyze the data collected from the assault and issue subpoenas for Kwon and Shin.
YOU MAY ALSO LIKE
July 27, Yonhap News Agency released by Ministry of Justice issued “Notification of arrival” command to Kwon. This means that every time Kwon returns from Singapore, he needs to notify the Korean authorities. The prosecution is also considering handing over Kwon by issuing a red notice to Interpol.
In addition, Shin, whose home and office were attacked last week, is restricted from leaving the country.
Earlier this month, a former Terra employee said he was banned from traveling abroad with everyone involved in the incident.
