South Korean prosecutors on Tuesday filed multiple charges against 10 people, including a cofounder of Terraform Labs, which created the algorithmic stablecoin TerraUSD and its sister cryptocurrency, Luna, that collapsed last year and cost investors tens of billions of dollars.
The charges against Daniel Shin, 38, who founded Terraform Labs with Do Kwon in 2018, included fraud, breach of duty, and embezzlement, according to the South Korean Yonhap News Agency.
