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Korean Police Set aside a query to LFG Asset Freeze: KBS

Bibliometric Details: Issue No: 5 | Issue Month:May | Issue Year:2022

Key Takeaways

  • South Korean authorities earn asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported.
  • It comes after LFG confronted questions over the contrivance it had spent its Bitcoin reserves amid Terra’s cave in.
  • Terraform Labs co-founders Function Kwon and Daniel Shin are also going via a lawsuit from a community of South Korean investors within the fallout from UST’s depeg match.

Several exchanges are resulting from meet with South Korea’s ruling celebration to communicate regarding the Terra depeg incident, and whether or not they ought to be guilty for investors’ misplaced funds.  

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