Terra’s Daniel Shin Interrogated in Court About the LUNA/UST Crash
Do Kwon’s associate- Daniel Shin – reportedly visited a South Korean court to answer key questions related to the Terra failure. One of Terraform Labs’ co-founders – Shin Hyun-seong (better known as Daniel Shin) – reportedly appeared in a South Korean court to be interrogated regarding his potential role in the collapse of the project’s native token – LUNA – and its algorithmic stablecoin – UST – last spring.
According to the report, Shin arrived at the Seoul Southern District Court on March 30 to give important information that could shed more light on Terra’s downfall. However, he remained silent when reporters asked him the following questions: “Do you admit to the allegations of solicitation for adopting a Tmon payment method?” and “Is it true that you issued it despite knowing the possibility of Terra and Luna collapsing?”. The Korean authorities previously accused him of conducting numerous offenses, including violation of the Capital Markets Act, the Electronic Financial Transactions Act, the Act on the Aggravated Punishment of Specific Economic Crimes, and more.
Source
https://t.me/DeFi_Ethereum
