South Korean Police to Freeze Luna Foundation Guard Finances -Breaking
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© Reuters. South Korean Police to Freeze Luna Foundation Guard Finances- The Seoul Police Department has frozen the Luna Foundation Guard’s assets.
- The Seoul Police Department has frozen the Luna Foundation Guard’s assets.
- Do Kwon CEO is under investigation for financial crimes.
According to KBS, South Korea’s official broadcaster, police authorities in the country are freezing assets linked to the non-profit group Luna Foundation Guard (LFG). According to this report, LFG requested that the Seoul Metropolitan Police Agency be prohibited from withdrawing money from exchanges.
According to reports, police intervened when they discovered signs that indicated embezzlement of LFG money. Do Kwon, founder of Terraform Labs has been sued by investors following the recent crisis that saw TerraUSD (UST), plummeting below $0.10.
According to a quote from Seoul Metropolitan Police Agency, a police officer said:
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