TechFlow reports, according to The Chosun Ilbo, a team of five prosecutors from the Seoul Southern District Prosecutors' Office has recently applied to the Seoul Southern District Court for arrest warrants for seven individuals linked to Terra, including Terra founder Do Kwon and TFL founding member Nicholas Platias, who are currently residing in Singapore.
As Do Kwon remains in Singapore, procedures such as a Red Notice from Interpol are expected to proceed. The primary charge against them is violation of the Capital Markets Act. Prosecutors reportedly认定 that the cryptocurrencies Terra and Luna qualify as "investment contract securities" under the Capital Markets Act.
Earlier on September 13, South Korean prosecutors were assessing whether LUNA qualifies as a security to determine potential violations of the Capital Markets Act.Original link
