Terra Classic

A South Korean court held the first hearing for Daniel Shin, the disgraced co-founder of defunct crypto firm Terraform Labs. The hearing came more than two months after Shin was initially indicted by South Korean prosecutors on multiple charges including fraud and violation of capital markets law.According to a recent <a href="https://m.news1.kr/articles/?5101793" rel="noopener noreferrer nofollow">report</a> by local media, the Seoul Southern District Court held the first hearing for a case against Daniel Shin and seven others formerly employed by Terraform Labs. News1 Korea reported that lawyers representing Shin cited the technicality of the case and asked for additional time in order to prepare for his defense.The Seoul Southern District Prosecutor’s Office’s Financial Securities Crimes Joint Investigation Department indicted Daniel Shin and seven others on April 25, 2023. The charges included fraud, embezzlement, and violations of the Capital Markets Act, among others. At the time, Shin’s lawyers dismissed the charges.Read full article at Cr<a href="https://cryptotale.org/seoul-court-holds-preliminary-hearing-for-terra-co-founder-daniel-shin/" rel="noopener noreferrer nofollow">yptoTale.</a>

Seoul Court Holds Preliminary Hearing For Terra Co-Founder Daniel Shin

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