$160 Million Worth Property of Terra Employees Seized: Report
South Korean prosecutors have reportedly investigated and seized millions of dollars worth of real estate of Terra executives and employees. A recent report from the national broadcaster of South Korea, KBS, revealed that the Seoul Southern District Prosecutor Office’s Financial and Securities Crime joint-investigation team has “collected and preserved” 210 billion won [$159.5 million] in property, mainly in real estate. This has been done to “recover the undue gains of eight people.” One among them included Terraform Labs co-founder, Shin Hyun-seong. According to the translated version of the report, “ It has been confirmed that the amount of compensation collected by the prosecution for the property of Terra form Labs executives and employees charged with the virtual currency Terra and Luna incidents has so far exceeded 200 billion won. “ [단독] 테라 사건 추징보전액 2천억 넘어…“재산 가압류 확대 중” #KBS #KBS뉴스https://t.co/5T4MtrsMfO — KBS 뉴스 (@KBSnews) April 3, 2023 Also Read: Do Kwon’s ...