TechFlow reports that South Korean authorities have arrested Han Chang-joon, former CFO of Terra, accusing him of illegally profiting approximately $40 million.
He is charged with falsely marketing Terra's stablecoin, knowingly misleading investors by promoting it as a viable payment method despite being aware it was not functional for real-world transactions.
In addition, he faces charges for selling LUNA without proper securities registration and leaking financial data of about 100 million Chai Pay users onto the Terra blockchain.
Add to Favorites
Share to Social Media
