Terra has been in the news since the first week of May and the news doesn’t seem to be ending soon.
South Korean government and authorities have launched an in-depth investigation into Terraform Labs after Terra’s historic collapse.
In the meantime, the blockchain firm’s co-founder has denied allegations of fraud, and that the crash was deliberate.
The nation’s local police agency informed that they are inquiring about the assertion that Terra’s employee stole some undisclosed amount of the firm’s Bitcoin holdings. However, according to the reports, it has come to light that the suspect was trying to steal around 80 BTC (approx $2.4 million).
Kwon hasn’t made any comment on this yet and the report goes on to state that he might be staying in Singapore
Source: Coingape
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