Terra co-founder Daniel Shin denies illegally profiting $100 million through LUNA

ChainCatcher news, according to the Global Economic Daily, Daniel Shi told South Korean prosecutors in a Thursday investigation that he did not sell LUNA at a high point.

Earlier reports indicated that the Southern District Court of Seoul approved local prosecutors' request on Thursday to freeze approximately $104 million in assets belonging to Terraform Labs co-founder Daniel Shin. Local authorities believe these assets were illegally obtained through the LUNA cryptocurrency. (forkast)