<ul><li>The South Korean prosecutors believe that the Anchor’s 20% interest is fraudulent.</li><li>Shin is accused of unfairly earning profits of 140 billion and the amount has been frozen.</li><li>Shin is also charged with leaking customer information held by Chai Corporation to Terraform Labs.</li></ul>According to reports, South Korean prosecutors have issued arrest warrants against co-founder Shin Hyun-Seong and three early investors and four technicians of Terra Lab, on accusations of fraud and other crimes. Shin who was the former CEO of Chai Corporation is amongst the firm’s early investors and was a Co-founder of Terraform Labs along with <a href="https://coinedition.com/tag/do-kwon/" rel="noopener noreferrer nofollow">Do Kwon</a>.The South Korean Police believe that Terra’s fully functional ecosystem of DApps, Anchor’s 20% interest, is itself fraudulent<a href="https://coinedition.com/south-korea-issue-arrest-warrant-against-terra-co-founder-shin/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

South Korea Issue Arrest Warrant Against Terra Co-founder Shin

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