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Bangkok Post
Bangkok Post
Business

S Korea indicts Terraform Labs co-founder, 9 others

Terra Terraform Labs Daniel Shin Do Kwon South Korea
Do Kwon, the South Korean co-founder of Terraform Labs, centre, is brought to court after being arrested at the airport in Podgorica, Montenegro on March 24. AFP

SEOUL: South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law.

Prosecutors froze 246.8 billion won ($184.7 million) in assets from the people so far, the Seoul Southern District Prosecutors' Office said at a press briefing yesterday.

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