South Korea's Efforts to Prosecute Terra Employees Suffer a Setback | CoinMarketCap

According to Yonhap News, an arrest warrant for Mr. Yu — described as a key figure in the team — has been dismissed by a local court 👀

South Korea's efforts to bring Terra employees to justice after the collapse of LUNA and UST may have suffered a setback.

It is alleged that Yu used a bot program for market manipulation — artificially increasing trading volumes and influencing prices. This was the first time that South Korea had requested an arrest warrant in this case, and efforts to capture Do Kwon are continuing.

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Do Kwon's Passport Voided — But On-the-Run Entrepreneur Says Seized $40M Crypto is Not His | CoinMarketCapIn other developments, South Korea has arrested a suspect in connection with Terra's collapse on charges of fraud and a breach of duty concerning market manipulation.
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