News/South Korean Prosecutors Arrest Head of General Business Operations at Terraform Labs

South Korean Prosecutors Arrest Head of General Business Operations at Terraform Labs

Oct 06,2022,21:52

The Seoul Southern District Prosecutors' Office has arrested Yoo, head of general business operations at Terraform Labs, South Korean media outlet JTBC reports. Yoo, who is said to be a key aide of Do Kwon, is accused of wash trading, inflating crypto prices and violating Korea's Capital Markets Act.

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