Terracoin

<ul><li>Terraform Labs affiliate Kernel Labs had $92 million in assets frozen.</li><li>Prosecutors have frozen the assets of seven individuals.</li><li>Meanwhile, Do Kwon, the former CEO, is reportedly living in Serbia.</li></ul>According to local news outlets, a South Korean court has granted a plea by local prosecutors to freeze the assets of seven former partners of Terraform Labs Pte. Ltd. at Kernel labs, totaling over 120 billion Korean won valued at $93.3 million. Before this, a South Korean court ordered the freezing of $108 million worth of assets belonging to Terra co-founder Shin Hyun-Seong.The Seoul Southern District Court has approved prosecutors’ request to freeze the assets of seven individuals who made significant gains by selling pre-issued <a href="https://coinedition.com/tag/terra-luna/" rel="noopener noreferrer nofollow">Terra LUNA tokens</a>. According to reports, Terraform Labs’ South Korean headquarters was staffed by employees from both Kernel Labs and Terraform Labs.<a href="https://coinedition.com/do-kwons-partners-in-crime-see-their-assets-frozen-in-south-korea/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

Do Kwon’s Partners in Crime See their Assets Frozen in South Kore

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