According to News1, the Seoul Southern District Court in South Korea held its first criminal trial today for Terraform Labs co-founder Daniel Shin and six other former Terra members. It is reported that the initial trial was scheduled to begin on May 26th but was postponed due to controversy over the impartiality of the presiding judge. The controversy arose from an article written by a Mr. Elephant Court in 2010, highlighting Shin's past success as a representative, which sparked debate. This article tells the history of former Prime Minister Shin's comic Ticket Monster.
In UAE news, the Seoul Swedish Local Prosecutors' Office's Financial Securities Crime Joint Investigation Team has not arrested or prosecuted eight managers and ordinary employees related to the Terra project, including Daniel Shin, on suspicion of fraudulent and unfair trading under the Capital Market Act. The prosecutor in the indictment stated that they forged "investment contract securities" Luna tokens from April 2019 to May 2020, but distributed and sold them to investors without submitting securities reports.
Original article link:
https://bitgaai.com/2023/07/10/terralianchuangdanielshindengsheanrenyuanjinrishoucishoushen/