South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court. The claim related to Shin’s involvement in selling pre-issued Terra tokens to unwary investors. (Read More)
Source: https://blockchain.news/news/due-to-conflicts-of-interestsbfs-attorneys-drop-ftx