South Korean court freezes $93 million in assets of former and current Kernel Labs CEOs

12/20 08:00

According to Korean media Daily News, South Korea’s Seoul Southern District Court recently accepted the prosecution’s request to freeze the property of three early investors in Terra and Luna and four key personnel in technology development, including Kernel Labs, a subsidiary of Terraform Labs. 120 billion won (approximately $93 million) in assets of former and current CEOs. These individuals were accused of selling pre-release Luna for huge profits.
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