Korean prosecutors have obtained proof that Do Kwon purposely manipulated Terra’s (LUNA) market value, as introduced by crypto influencer @FatManTerra.
Citing the native information sources, FatManTerra mentioned the prosecutors obtained a non-public dialog between Kwon and certainly one of his staff, the place Kwon ordered LUNA’s market value to be manipulated.
Regardless that prosecutors didn’t disclose additional particulars, a spokesperson from the prosecutor’s workplace mentioned:
“I can’t reveal the small print, however it was a dialog historical past the place CEO Kwon particularly ordered value manipulation.”
In addition they discovered that Kwon was at present residing in Europe. This additionally signifies that Kwon is an unlawful immigrant there for the reason that Korean authorities invalidated his passport in late October.
Newest updates to the case
In October, Korean officers positioned and arrested Terraform Labs‘ Head of Common Affairs, Yoo Mo, for deceiving the group by faking market information. Mo’s arrest warrant was issued on Oct. 5, and he received arrested on Oct. 6. Contemplating his shut relationship with Kwon, Korean officers thought of him a key actor within the Terra-Luna investigation.
Nevertheless, Mo’s arrest didn’t last more than 24 hours, as a Korean District Court docket dismissed Mo’s arrest warrant on Oct. 6. The Choose concluded that Mo may not have violated the Capital Market Act by manipulating the LUNA value since Korean legislation didn’t classify the LUNA token as a safety.
Korean prosecutors didn’t disclose whether or not Kwon was speaking to Mo within the personal dialog obtained on Nov. 3.
Kwon repeats the Choose
Do Kwon was interviewed on Oct. 18, the place he repeated the Choose’s determination on Mo’s arrest warrant. Kwon mentioned that the fraud prices towards him are outdoors the scope of Korea’s Capital Markets Act and due to this fact are invalid.
Kwon mentioned:
“The constant stance from Korean governments has been, and even from the Monetary Companies Fee straight, that cryptocurrencies are usually not securities… And it isn’t throughout the ambit of their jurisdiction to control cryptocurrency for that cause.”
