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Media: In Korea, an interdepartmental group will be investigated by investigation of Terra collapse
The authorities of South Korea to investigate Terra’s collapse recreated an interdepartmental group disbanded more than two years ago. Previously, the team received the nickname “Gloomy Reaper”, local media reported.
Since 2013, the Yeouido Grim Reaper group of prosecutors and employees of the regulatory authorities of the finance and securities have conducted 346 arrests in 965 cases mainly related to market manipulations.
According to SBS News, about 280,000 investors became victims of Terra collapse in the country. On the eve of the collapse, the market capitalization of the Native Luna project was about $ 24.5 billion versus $ 0.8 million at the time of writing (Coingecko).
The losses of the Hashed blockchain feed from investment in Terra ecosystem assets amounted to $ 3.5 billion.
The interdepartmental group is suspected by the founders of the project in organizing the Ponzi scheme.
In addition to investigating Terra collapse, the Yeouido Grim Reaper team will resume the case against Lime-Optimus Fund, which did not complete before disbandment in 2020. It is about the theft of $ 1.2 billion investors.
The co -founder of Terraform Labs standing behind the crypto project to Kvon also faces a fine of 100 billion won ($ 78 million) for evasion of corporate and income taxes, according to EDAILY.
On May 17, Kvon proposed a plan for saving the Terra ecosystem through a hard fork with the launch of new network and token. Despite the fact that the community met the idea negatively, the validators voted for its implementation.
Recall that in Korea the collapse of the project was proposed to discuss at the parliament level.