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A trial preparation hearing for Terra co-founder Daniel Shin was convened on July 10 for allegedly deceiving investors and profiting from manipulating the price of certain tokens.
The bank hired a nonprofit exec with a background in impact investing and expanded the roles of two other executives as part of its ESG wealth push.
The seizure is intended to prevent the Terra executive from disposing of the assets before his trial this week.
The Seoul Southern District Prosecutor’s Office reportedly said Terra co-founder Shin Hyun-Seong should appear before its investigation team sometime this week.