Did the prosecution feel pressured... The first shared police financial crime investigation data was on 'Terra·Luna'

Posting Materials on Integrated Board and KIX
Distributing Organized Concepts of Stablecoins
Strengthening Investigation Capabilities for Revival of Joint Investigation Unit

[Asia Economy Reporter Seongpil Cho] It was confirmed on the 24th that the National Police Agency compiled investigative knowledge on financial crimes and distributed it to frontline investigators. This move is interpreted as an effort to strengthen investigative capabilities against financial crimes, which are considered vulnerable points, while also being mindful of the prosecution's revival of the Joint Financial and Securities Crime Investigation Unit.

The National Police Agency posted the 'Financial Crime Investigation Knowledge Sharing Forum' materials for the first time yesterday on the integrated portal bulletin board and the Criminal Justice Information System (KICS) investigation data room. The first issue covers the 'Terra·Luna Coin,' which recently shocked the virtual asset market due to a price crash. The National Police Agency visualized and documented the core contents from the concept and types of stablecoins to Terra·Luna Coin on one A4 page.

According to the materials provided by the National Police Agency to Asia Economy, Terra·Luna Coin is defined as "a coin issued by Terraform Labs (a Singapore corporation), aiming to build the next-generation financial and payment system using blockchain." Regarding Terra Coin, it is described as an algorithm-based stablecoin designed to peg the price of one coin to one dollar, and it is a virtual asset that fixes the price by adjusting the supply through the self-issued Luna Coin. The focus is on enhancing understanding of virtual assets through basic terminology and concept explanations.

The National Police Agency also visualized the basic price determination principle of Terra Coin based on supply and demand principles using tables and algorithms in the materials. Regarding the continuous exchange between Terra and Luna, it explained that "there is always an opportunity to gain arbitrage through exchange," and increased focus by presenting it in a Q&A format. For example, it added an explanation such as "If 1 Terra = $1.2, exchanging Luna worth $1 for 1 Terra ($1.2) results in a $0.2 profit."

As for the cause of the Terra and Luna price crash, it analyzed that "the design that fixed the price of Terra Coin was based on the premise that the price would not drop sharply in a short period," and "when that trust was broken, many people sold Terra Coin in a short time, resulting in a continuous price decline." Some have raised objections to this analysis, pointing out that the 'Ponzi scheme' aspect should have been emphasized. The National Police Agency plans to collect responses through inquiries regarding these criticisms and distribute separate materials at the end of the year.

This Financial Crime Investigation Knowledge Sharing Forum is planned to be held every Monday until December 12, with a total of 30 sessions. It is composed of 10 sessions each on the topics of ▲virtual assets ▲tax law ▲accounting and finance. A police official stated, "If an emerging incident like the Terra·Luna Coin case occurs, the schedule for material distribution may change accordingly." The National Police Agency plans to compile the distributed content and field inquiries during this period and publish a booklet early next year.

This content was produced with the assistance of AI translation services.