While local authorities are searching for Do Kown, Terraform Labs believes the Luna/UST crash case has become increasingly politicized.
Singapore-based company Terraform Labs has stated that South Korean prosecutors exceeded the limits of their authority regarding the arrest warrant against the firm’s co-founder, Do Kwon.
Terraform Labs also said that the Luna token is not a security, arguing that public pressure could have caused the prosecutors to amplify the definition of securities.Wall Street Journal in a statement saying that South Korean prosecutors were “overreaching their authority.” According to the spokesperson:
“We believe that this case has become highly politicized and that the actions of the Korean prosecutors demonstrate unfairness and a failure to uphold basic rights guaranteed under Korean law.”
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