terraprosecutors handling the case, Terra executives in total $314 millionobtaining the proceeds of crime expressed.
terraThe repercussions and legal processes of his case continue at full speed. South Korean New developments emerged in this case, where prosecutors spent a lot of time. South Korea’s national public broadcaster KBS reached the proceeds of crime from those involved in the Terra case. Total proceeds of crime It is said to be around 314 million dollars.
Terra Executives Pocketed Millions of Dollars
According to a report by KBS, in the report created by South Korean prosecutors, Terra administrators $314 millionan asset it is pocketed . Terra co-founder Do Kwon and other Terra executives are accused of defrauding investors with the Terra ecosystem.
According to the report obtained by KBS, co-founder of Terra Do Kwon earned $69 million in criminal proceeds . Also, another co-founder Shin Hyun-sung, $116 million pocketed the proceeds of a crime. In the report of the case, other of seven Terra employeesin It is stated that he obtained a crime revenue of 128 million dollars.
Prosecutors, who aim to recover unjust gains from crimes committed, will act in line with this report they have issued. Prosecutors, former CEO Shin Hyun-sungand others in Seoul blocked an apartment. In addition, prosecutors, managers have, hwaseongAnd gapyeong, Gyeonggi-doAnd Chungcheongnam-doHe froze the foreign cars used with the lands in .
These moves by the prosecutors were cited as preventing the executives from selling any assets during the trial period. In this context, prosecutors demanded that Binance prevent Kwon’s withdrawals.
