South Korea Court Rejects Arrest of Terra Co-Founder Shin: Yonhap
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South Korean prosecutors’ request for an arrest warrant for Terraform Labs co-founder Daniel Shin was dismissed for a second time by a local court, Yonhap News reported.
The Seoul Southern District Court said on Thursday that there still remain contentions regarding allegations against Shin and that he is unlikely to be a flight risk or destroy evidence, according to Yonhap. Shin co-founded Terraform Labs together with Do Kwon, who was arrested in Montenegro last week after several months on the run from authorities.