South Korea Makes First Arrests In Terra LUNA Probe

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After months of investigation South Korean police have identified the first person involved in the collapse of the Terra collapse.

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Seoul Southern District Prosecutors’ Office issued a bench warrant on Wednesday on Yoo, Terra’s head of general affairs.

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He has been charged with violating the capital markets act, fraud and breach of duty among others, Choi Sung-kook, the district prosecutor confirmed with Forkast.

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Choi declined to disclose the exact date and location of the arrest.

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Prosecutors allege that Yoo used bot programming to inflate and manipulate the market price of Terra's cryptocurrency.

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Seoul Southern District Court is working on giving a “direct judgment of warrant” on Yoo.

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A decision should be announced later today on whether or not to grant the bench warrant.

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