Terra Spokesman Argues ‘Luna Classic has Never Been a Security’ Amid Legal Trouble
Terraform Labs suggested that South Korean prosecutors may be ‘overreaching their authority’ arguing that Luna Classic isn’t legally a security in a recent exchange with The Wall Street Journal. Soon after Terra chief Do Kwon denied ducking Interpol ‘Red Notice,’ a company spokesperson accused the case of being ‘highly politicized.’
Terra co-founder Daniel Shin has been wrapped in as one of the key witnesses at South Korea’s National Assembly. With that, Ji-Yun of Terra’s blockchain validator DSRV Labs has also been roped in as a witness as the stablecoin collapse is likely to take center stage in this year’s audit. The firm’s spokesman said, “Do Kwon’s location has been a private matter for months due to ongoing physical security risks to him and his family,” highlighting attempted break-ins at his premises.
Source
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