Terra Co-Founder Shin, Nine Others Indicted by South Korea
- Shin faces charges including violation of capital markets law
- Prosecutors have frozen about $185 million in assets
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South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law related to the Terra cryptocurrency project, which imploded last year.
Prosecutors froze 246.8 billion won ($184.7 million) in assets from the people so far, Dan Sung Han, the head prosecutor who leads the financial crime investigation department, said at a press briefing on Tuesday.