The firm behind failed cryptocurrencies TerraUSD and Luna accused South Korean prosecutors of overreaching their authority, two weeks after they issued a warrant for the arrest of its chief executive, Do Kwon https://t.co/X1z1KhTB5B
— The Wall Street Journal (@WSJ) September 28, 2022
On September 28, Terraform Labs told the Wall Street Journal that South Korean prosecutors were taking “unfair” actions against the company following the luna/UST collapse in May 2022.
“This case has become highly politicized and the actions of South Korean prosecutors exceed their limits and fail to uphold the fundamental rights guaranteed under our nation’s laws.”
The climax of the case began about two weeks ago when a South Korean court reportedly issued arrest warrants for Terraform Labs founder Do Kwon and two other colleagues. In addition, the South Korean authorities asked the International Criminal Police Organization (Interpol) to issue a red notice to Do Kwon which was officially issued by Interpol shortly thereafter.