The Seoul Metropolitan Police want to freeze the Luna Basis Guard’s (LFG) firm funds because the Terra LUNA/USD controversy continues to unfold.
What Occurred: Based on a report from native media outlet Naver, the police’s cybercrime unit stated it had requested all South Korean cryptocurrency exchanges to freeze LFG’s accounts in an effort to prohibit them from withdrawing any funds.
The police stated they deemed it obligatory to hold out that motion on the suspicion that the cash had been embezzled.
See Additionally: IS TERRA (LUNA) DEAD?
Since TerraUSD’s UST/USD de-pegging occasion and LUNA’s collapse, Terra’s founder Do Kwon has been the topic of scrutiny. Final week, studies emerged that he had been ordered to pay $78 million for tax evasion in South Korea, an allegation he later denied, claiming that Terra has no outstanding tax liabilities within the nation.
One other report stated the ‘Yeouido Grim Reaper’ activity drive, a particular department of South Korea’s monetary crimes unit, had been reinstated to research the collapse of the Terra ecosystem.
Worth Motion: At press time, LUNA was buying and selling at $0.0001626, down 20% over the past 24 hours, as per information from Benzinga Pro.
Bitcoin BTC/USD was buying and selling at $29,200, down 3% within the final day and Ethereum ETH/USD was buying and selling at $1,983, down 2% over the identical interval.
See Additionally: Do Kwon Shares Terra (LUNA) Burn Address But Also Says Sending Tokens There Isn’t A Good Idea
