Daniel Shin’s $104 Million Seized

South Korea's Seoul Southern District Court has reportedly granted the local prosecutor's request to freeze Daniel Shin's $104 million in assets.

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According to local media reports, authorities believe the assets were obtained illegally through the LUNA cryptocurrency.

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Shin is under allegations of unauthorized use of customers’ personal information in launching Chai’s Terra payment services.

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Do Kwon, CEO of Terra posted a thread of tweets on Wednesday.

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He regrets the collapse of Terra LUNA and defended himself and his team that there was no wrongdoing in the project.

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Since May, South Korean authorities have been investigating the failure of Terra-LUNA.

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Terra collapse affected hundreds of thousands of investors around the world.

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