South Korean authorities confess assets from Terra Executives worth $ 160 million: report

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Von Krypto News Österreich

Vor etwa zwei Wochen wurde der CEO von Terraform Labs, Do Kwon, in Montenegro festgenommen, nachdem er versucht hatte, mit gefälschten Dokumenten in ein anderes Land zu fliegen, um seine Identität zu verschleiern. Nachdem seine wahre Identität bestätigt worden war, beantragten sowohl die USA als auch Südkorea seine Auslieferung. Beschlagnahme von Vermögenswerten durch Behörden Im Moment ist unklar, welche Anfrage von den montenegrinischen Behörden priorisiert wird. In der Zwischenzeit waren die koreanischen Behörden jedoch in der Heimat fleißig und haben laut lokalen Nachrichten Eigentum der Führungskräfte von Terraform Labs beschlagnahmt. Nach Kwons Verhaftung beantragte die koreanische Strafverfolgungsbehörde einen Haftbefehl gegen …
About two weeks ago, the CEO of Terraform Labs, do Kwon, was arrested in Montenegro after trying to fly to another country with fake documents to disguise its identity. After its true identity had been confirmed, both the USA and South Korea applied for its delivery. Confiscation of assets by authorities At the moment it is unclear which request is prioritized by the Montenegrin authorities. In the meantime, however, the Korean authorities were hardworking at home and, according to local news, confiscated the ownership of the executives of Terraform Labs. After Kwon's arrest, the Korean law enforcement agency applied for an arrest warrant against ... (Symbolbild/KNAT)

About two weeks ago the CEO of Terraform Labs, do Kwon, was arrested in Montenegro after trying to fly to another country with fake documents to obscure its identity.

After his true identity had been confirmed, both the USA and South Korea applied for its delivery.

confiscation of assets by authorities

At the moment it is unclear which request is prioritized by the Montenegrin authorities. In the meantime, however, the Korean authorities were hardworking in their homeland and, according to local news, confiscated the ownership of the executives of Terraform Labs.

According to Kwon's arrest, the Korean law enforcement agency applied for an arrest warrant against Shin "Daniel" Hyun song, the co-founder of Terraform Labs. The application was rejected because the South Korean authorities did not believe that he intended to destroy evidence or to flee the country.

After the rejection, the South Korean police decided to take further measures against the co -founder of Terraform Labs and other managers, and confiscated real estate from him and another person who has not yet been mentioned by name, according to the local Korean newspaper KBS News. According to reports, the ownership of five other employees of Terraform Labs was also confiscated.

confiscation as a preventive measure

according to KBS, Korean Leos justified the confiscation with the statement that the step was taken to ensure that the entire property of the suspects in question is available for legal proceedings according to the process if they were found to be guilty. Among other things, Hyun song is accused of insider trade, which allegedly led to an unfair profit of 100 billion We, an amount worth almost $ 76 million.

"We still investigate the property status of the suspects and plan to carry out a collecting protection for the confirmed property in the future in order to reclaim the income from crimes and the damage."

The total value of the confiscated property amounts to 210 billion WON or about $ 160 million at the time of writing. Most of it consists of real estate, whereby the united manager has confiscated ownership worth $ 31 million. The seized proportion of Shin Hyun song, on the other hand, was almost twice as much.

If the allegations regarding the insider trade of Hyun song prove to be true, this would mean that even the seizure of its real estate would not be sufficient to cover the illegally generated amount, with a further $ 11 million remaining unclear.

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