Signaler: Le co-fondateur de Terraform Labs inculpé de fraude en Corée du Sud

Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating around 460 milliard de won ($350M) before the Terra project ultimately failed.

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Daniel Shin Indicted With 9 Other Terra Associates

KBS World, a regional South Korean publication, a révélé that ten individuals, comprenant Daniel Shin, have been indicted in South Korea. Although they have not been detained, the suspects have been charged with financial law violations, embezzlement, and fraud. The South Korean authorities suspect that this group of individuals raised 460 milliard de won ($350M) through unlawful means linked to the Terra blockchain project.

According to the KBS report, Shin was responsible for supervising terrausd (UST) (now known as USTC) payments for four years, starting from July 2018. Prosecutors have reason to believe that false advertising was utilized during this period. Seven of the ten suspects who were indicted worked for Terraform Labs, while one was Shin’s financial broker. Although the prosecution is aiming to seize 246.8 milliard de won ($184.7M), the process has been far from smooth.

In a recent ruling, the court in Seoul stated that the original Terra asset, now referred to as LUNC, is not a security. Par conséquent, the Seoul prosecutors’ office had difficulty confiscating Daniel Shin’s cryptocurrency assets due to this provision. After eleven months of investigations, the Seoul prosecutors’ office is now bringing the accused to trial. Notamment, the indictment report does not mention co-founder Kwon Do-hyeong, commonly known as Do Kwon.

Tags dans cette histoire
Chaîne de blocs, co-fondateur, Cryptocurrency Assets, Daniel Shin, Fraud Charges, indicted, Investisseurs, prosecution, Corée du Sud, Terra project, laboratoires de terraform, Procès

What do you think about Daniel Shin being indicted by the Seoul prosecutors’ office? Share your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman est le responsable de l'information chez Bitcoin-Tidings.com News et un journaliste spécialisé dans les technologies financières vivant en Floride. Redman est un membre actif de la communauté des crypto-monnaies depuis 2011. Il a une passion pour Bitcoin, code open-source, et applications décentralisées. Depuis septembre 2015, Redman a écrit plus de 7,000 articles pour Bitcoin-Tidings.com Actualités sur les protocoles perturbateurs qui émergent aujourd'hui.




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