Terra’s $200 Million In Real Estate Belonging Has Been Confiscated By South Korean Prosecutors
Recent events have resulted in South Korean authorities inspecting and seizing the real estate of Terra executives and employees. It has been established beyond a reasonable doubt that the prosecution has amassed over two hundred billion won in compensation for the assets of Terraform Labs executives and employees accused in connection with the incidents involving the virtual currencies Terra and Luna.
According to KBS, the Financial Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutor’s Office in South Korea searched and preserved approximately 270 billion won (approximately 205 million dollars), with the assets totaling 154.1 billion won, 79.1 billion won, and 40.9 billion won. Expropriation and preservation is a technique that can be used to stop criminal suspects from arbitrarily getting rid of property that they obtained through criminal activity while their cases are pending in court. In addition, the real estate, automobiles, and stock possessions of early investors and employees who have been recognized as suspects in the case.
Source
https://t.me/Crypto_Futures_Trading
