Former Terraform Labs CFO handed over for trial by South Korean prosecutors
The former chief financial officer of Terraform Labs, Han Chang-jun, has been transferred to trial by South Korean prosecutors after being detained for 21 days since his arrest on February 8. Prosecutors allege that Han Chang-jun illicitly profited at least 53.6 billion won by selling and trading LUNA under the guise of Terra's normal operations. He is also accused of violating securities regulations by selling LUNA without submitting a securities report, in violation of the Capital markets Act. Additionally, he is accused of recording approximately 100 million pieces of electronic payment information from Chinese customers on the Terra blockchain without their consent, in violation of the Electronic Financial Transactions Act.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dookey Dash: Unclogged NFT Game Jumps Into Top 10 In The USA App Store On Day 1
A Deep Look Into Ethereum Bearish Sentiment and Mpeppe Explosive Gains For Their Investors
Experts Believe a 300% Rally Is On The Way For Ethereum and Mpeppe After Recent Upward Trend