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Legal troubles mount for Terraform Labs as Seoul police investigative

06/09/2022

Less than a minute

2022.06.09 15:00

Legal troubles mount for Terraform Labs as Seoul police investigative

Terraform Labs, the parent company behind the collapsed Terra ecosystem, is currently under multiple investigations from the South Korean authorities.

The latest investigation revolves around the alleged embezzlement of Bitcoin (BTC) from the company’s treasury. According to a report published in a local daily, the Seoul Metropolitan Police Agency received an intelligence tip last month informing them of possible embezzlement of BTC by one of the employees of the firm.

06/09/2022

Less than a minute

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