A South Korean court has revoked an arrest warrant for a Terraform Labs employee after reports of an arrest of a person with the surname Yu were previously reported by Korean media. Yu is said to be Terraform Labs’ head of general business operations.
however Yonhap News and SBS It was reported that the judge canceled the arrest warrant. by questioning whether detention is necessary or not.
According to the report, the judge also raised suspicions that LUNA, the original token of the Terra blockchain ecosystem, dropped in value earlier this year. Does it fall under the definition of securities under Korean law?
According to Yonhap, the prosecutor’s office is deciding whether to seek an arrest warrant for Yu again.
Yu is said to be a key aide to the creator of Terra Do Kwon, with the South Korean Ministry of Foreign Affairs ordering Do Kwon to return his local passport within 14 days, at the risk of losing his passport or being denied a new application. If not returned within that time
A South Korean court withdraws an arrest warrant for a Terraform Labs employee after the arrest of a key Do Kwon aide appeared first on Bitcoin Addict.