Terra Founder’s House Raided In Seoul As Investigation Moves Further

Terra founder’s home raided as investigation exceeds further.

The home of Shin Hyun-Seong, co-founder of Terraform Labs, was seized and searched by the prosecution team.

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The raid was conducted Wednesday to investigate allegations of fraud concerning the collapse of the cryptocurrencies ‘Terra’ and ‘Luna’.

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The Seoul Southern District Prosecutors seized and searched 15 domestic virtual currency exchanges till now.

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The prosecution sent its team to the headquarters of 7 domestic cryptocurrency exchanges on Wednesday .

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These exchanges included Upbit, Coinone, Bithumb, Korbit, and Gopax, to secure the Terra and Luna transaction details of CEO Kwon and the company's employees.

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The prosecution team also captured and searched eight places on the 20th, including Dunamu & Partners headquarters, which initially invested in Terraform Labs

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Prosecutors are still looking for Do Kwon's whereabouts.

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