South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates

The Judge said there was little risk of evidence destruction, and dismissed warrants.

A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers.there was little risk of Shin or the Terra associates destroying evidence related to the case against the crypto firm, and dismissed warrants that the Seoul Southern District Prosecutors Office issued on Nov. 29.

“The Seoul Southern District Court’s ruling on Dec. 3rd to reject South Korean prosecutors’ detention warrant requests for former Terraform Labs employees once again illustrates the unfounded nature of the prosecutors' claims,” a Terra spokesperson said to Cointelegraph. Authorities in South Korea arrested Terraform Labs’ head of business, Yoo Mo, in October, but Judge Hongin a similar manner within 48 hours, saying it was difficult to see the “necessity and significance” of the arrest. In contrast, Kwon was still the target of lawmakers and regulators, having his name added to Interpol’s Red Notice list and no longer

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S. Korean Judge Dismisses Arrest Warrant for Terra Co-Founder ShinAn arrest warrant for Terra co-founder Daniel Shin has been dismissed by a Korean court, according to Yonhap News. By NelWang
Read more »

Disney+ presents new original Korean series as the company delves deeper into Korean content | allkpopK-content has emerged as a critical growth engine for strengthening Disney's competitiveness in the market for content.On November 30, during the&amp…
Read more »

The Hallyu wave: The rise of South Korean content in Japanese entertainment | allkpopIt has been more than a decade since Korean culture made huge advances in East Asia and in other Asian countries. The media and scholars have dubbed …
Read more »

Terra-Luna Cofounder Attends Court Hearing as He Faces ArrestSouth Korean prosecutors could win court approval to arrest one of co-founders of Terraform Labs
Read more »

Investigation begins into Hook Entertainment CEO Kwon Jin Young's alleged misuse of funds | allkpopAn official investigation into Hook Entertainment CEO Kwon Jin Young's alleged misuse of funds has begun.On December 1, Korea's National Tax Service …
Read more »