Report post

Who is Daniel Shin?

In July, officials raided his home as part of an official investigation. Investigators raid Terraform Labs' co-founder Daniel Shin's home as investigations into #Terra collapse intensifies. Police also raided two other firms with connections to Terraform Labs, according to a spokesperson from the prosecutor’s office.

Who is Kim Shin & what charges are he facing?

South Korea's Yonhap, the Wall Street Journal and Bloomberg News reported that Shin, 38, faces charges including fraud, breach of duty and embezzlement. At least eight others were also said to be indicted on charges on illegal trading.

How did Shin get connected with TfL?

Shin got connected with TFL in 2019 when it introduced Terra's KRT, or Korean won-pegged stablecoin, into its payment application. Chai Corporation's payment app function was discontinued in March 2022, as per local media.

Did a South Korean court reject Shin's arrest warrant?

Prosecutors had recently redoubled efforts to locate and arrest Shin, a financial technology entrepreneur who helped set up Terra, a crypto project that collapsed in a $60 billion wipeout last year. A South Korean court in December rejected an arrest warrant for Shin, saying he wasn’t likely to destroy evidence or pose a flight risk.

The World's Leading Crypto Trading Platform

Get my welcome gifts