followreportof local media Former head of Korean e-commerce company TMON gets arrest warrant Due to his previous interactions with the collapsed Terraform Labs project, prosecutors accused him of accepting bribes in the form of LUNA tokens to advertise the failed project’s products.
Additionally, Daniel Shin – co-founder of Terraform Labs and co-creator of TMON – allegedly asked the former CEO to make LUNA a payment method on the platform.
Tmon advertises LUNA and spreads the message that the token is a safe asset. According to the information of the auditors, it was found that Such promotions contribute to the price increase of LUNA by raising investor expectations.
Additionally, Tmon’s former CEO is accused of making billions of won profits after selling the LUNA tokens he received in exchange for promotions. Shin has also given money to other companies such as Tmon to promote LUNC as a secure payment method.
The post Former CEO of a South Korean e-commerce platform. was issued an arrest warrant Allegations of accepting bribes into LUNA to help promote the project appeared first on Bitcoin Addict.