Terraform Labs Employees Suspected of Profiting from Pre-Sales... Prosecutors Launch Investigation
[Asia Economy Reporter Yoo Byung-don] The prosecution investigating the Luna and Terra crash incident has raised suspicions that some employees of Terraform Labs made huge profits by taking advantage of pre-purchase opportunities.
According to the prosecution on the 7th, the Financial and Securities Crime Joint Investigation Team (Head Dan Sung-han) of the Seoul Southern District Prosecutors' Office is investigating evidence that some employees of Terraform Labs bought products at low prices before the official launch of Terra and Luna, and sold them when prices surged, making large profits.
The prosecution is reportedly viewing that the employees raised the prices as much as possible before disposing of the cryptocurrency, causing losses to ordinary investors.
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Accordingly, the prosecution is known to be considering pre-indictment seizure and preservation measures to freeze assets suspected to be proceeds of crime.
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