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Terraform Labs co-founder indicted in South Korea

Terraform Labs co-founder indicted in South Korea

The Seoul Southern District Prosecutors’ Office has reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra ecosystem.

The 10 individuals were reportedly indicted on charges of fraud, breach of trust and embezzlement and referred to trial after 11 months of investigation.

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