{"id":250947,"date":"2022-07-28T17:52:15","date_gmt":"2022-07-28T16:52:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=250947"},"modified":"2022-07-28T17:52:15","modified_gmt":"2022-07-28T16:52:15","slug":"south-korean-officials-conclude-week-long-raid-in-terra-luna-case","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/south-korean-officials-conclude-week-long-raid-in-terra-luna-case\/","title":{"rendered":"South Korean officials conclude week-long raid in Terra-LUNA case"},"content":{"rendered":"

After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported<\/a>.<\/p>\n

The Seoul Southern District Prosecutors Office is investigating the collapse of TerraUSD (USTC<\/a>) and allegations of fraud against Terraform Labs co-founders Do Kwon and Daniel Shin.<\/p>\n

The prosecutors had initiated a search<\/a> and seizure of seven local crypto exchanges and eight other locations including offices and residences of people involved in the case on June 20.<\/p>\n

According to Yonhap, the raid lasted a week because of the immense amount of data requested by the authorities.<\/p>\n

In cases where data was insufficient, the authorities asked data analysts to extract more data, lengthening the search and seizure, Yonhap news reported.<\/p>\n

The authorities will analyze the data collected from the raid to issue subpoenas for Kwon and Shin.<\/p>\n

On July 27, Yonhap reported that the ministry of justice issued<\/a> a “notification upon arrival” order to Kwon. This means that Kwon is required to inform South Korean officials whenever he returns to the country from Singapore. Prosecutors are also looking into extraditing Kwon by issuing a red notice to Interpol.<\/p>\n

Furthermore, Shin, whose home and office were raided last week, is restricted from leaving the country.<\/p>\n

Earlier this month, former Terra employees had said that they were banned from traveling abroad along with all persons involved in the case.<\/p>\n","protected":false},"excerpt":{"rendered":"

After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The Seoul Southern District Prosecutors Office is investigating the collapse of TerraUSD (USTC) and allegations of fraud against Terraform Labs co-founders Do Kwon and Daniel Shin. The prosecutors had […]<\/p>\n","protected":false},"author":1342,"featured_media":251030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76799,60793],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nSouth Korean officials conclude week-long raid in Terra-LUNA case<\/title>\n<meta name=\"description\" content=\"The Ministry of Justice has issued a "notification upon arrival" notice to Do Kwon while Daniel Shin is restricted from leaving the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/south-korean-officials-conclude-week-long-raid-in-terra-luna-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korean officials conclude week-long raid in Terra-LUNA case\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Justice has issued a "notification upon arrival" notice to Do Kwon while Daniel Shin is restricted from leaving the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/south-korean-officials-conclude-week-long-raid-in-terra-luna-case\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-28T16:52:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/07\/terra-luna-case.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monica Noronha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monica Noronha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/south-korean-officials-conclude-week-long-raid-in-terra-luna-case\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/south-korean-officials-conclude-week-long-raid-in-terra-luna-case\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monica-noronha\/#person\",\"name\":\"Monica Noronha\",\"url\":\"https:\/\/cryptoslate.com\/author\/monica-noronha\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monica-noronha\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monica-noronha\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/05\/monica-noronha-avatar-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/05\/monica-noronha-avatar-300x300.jpg\",\"caption\":\"Monica Noronha\"},\"jobTitle\":\"Journalist\",\"description\":\"Monica first started reading about crypto in 2020 and kept going deeper and deeper down the rabbit hole. 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