Prosecutors seek arrest warrant for Terraform co-founder Shin for 2nd time
Prosecutors on Monday requested an arrest warrant for Daniel Shin, a co-founder of Terraform Labs, for allegedly obtaining illegal profits before its cryptocurrencies collapsed massively last year.The Seoul Southern District Prosecutors Office previously sought an arrest warrant in November, but the court rejected the request, saying he would not be a flight risk or destroy evidence.The prosecution filed the warrant again following the arrest of Do Kwon, another co-founder of the blockchain firm, in Montenegro last week. The prosecution is seeking his extradition.
Source: koreatimes.co.kr