According to a Dec. 3 report from South Korea’s Yonhap news agency, Judge Hong Jin-Pyo said There is little risk that Shin Hyun-seong, a former Terra employee, will destroy evidence related to the case. and canceled an arrest warrant issued by the Seoul Southern District Attorney on November 29.
The report adds that Terra co-founder Do Kwon, who is facing legal action in South Korea for his role in the company’s collapse, is facing legal action in South Korea. Unlikely to be able to return to the country
“The Dec. 3 decision of the Seoul Southern District Court denying the South Korean prosecutor’s request for an arrest warrant for a former Terraform Labs employee once again demonstrates the prosecutor’s unfounded allegations,” a Terra spokesperson said.
South Korean authorities arrested Yoo Mo, Terraform Labs’ business chief, in October. But Judge Hong canceled a similar warrant within 48 hours. Do Kwon, on the other hand, remained a target for lawmakers and regulators. His name was added to Interpol’s Red Notice list and canceled his South Korean passport for international travel.
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