South Korean prosecutors have issued “arrival notice” and travel bans to Terra founder and co-founder Do Kwon and South Korean news agency Daniel Singh. Donga Reported on July 27th.
“Notification on Arrival” notification means that the investigator will be notified when an interested person enters the country and is usually used only for important investigations.
Do Kwon Reportedly I live in Singapore.
The report said Kwon continues to offer tera tokens without informing investors about the risks of such investments.
Co-founder of Terra, subject to travel ban
South Korean prosecutors have also issued a travel ban for Daniel Singh and former vice president of Terraform Labs, Kim Mo.
Shin has Insisted He broke his relationship with Terraform Labs in 2020.
South Korean investigators have recently attacked Shin’s house and are investigating his company, Chai. RAID It also affected several Korean crypto exchanges such as Gopax, Bithumb and UpBit.
Survey already clearly The FLEXE is a dormant company with no physical office and was used to raise domestic funds from overseas Terra affiliates.
A travel ban has also been issued to prevent major terra developers from leaving the country.
Terra faces multiple proceedings in the United States
Project investors have also sued other partners in the United States and South Korea, including Do Kwon, Terraform Labs, and the bankrupt Three Arrows Capital.
Meanwhile, the United States and South Korea have agreed to cooperate in investigating Terra and other crypto crimes.
