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In a significant legal development, US District Judge Jed Rakoff granted the US Securities and Exchange Commission (SEC) the authority to collaborate with the…
(Bloomberg) -- The US Securities and Exchange Commission can seek the South Korean government’s assistance to question Do Kwon’s Terraform Labs co-founder, Daniel Shin, and collect evidence from payments company Chai Corp., a US judge ruled.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGoldman Plans Hiring Spree to Fix Lapses After Inc
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.
A Seoul court denied a warrant on Saturday to detain Daniel Shin, co-founder of Terraform Labs, on charges of gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.
Prosecutors said Wednesday they have sought an arrest warrant for Daniel Shin, co-founder of Terraform Labs, for allegedly gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.