South Korean investigative agency: Currently no plans to investigate the Terra incident, but monitoring the situation; Singaporean citizens have filed reports with the police.
According to South Korean media Block Media, the Korean investigative agency stated at a routine press conference on the 16th that there are currently no plans to investigate the incident involving Luna issuer Terraform Labs, but they will have to monitor the situation. Regarding the allegations that Terraform Labs founder Do Kwon is facing overseas, they responded that they have not received any charges against him at the moment.
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According to South Korean media outlet Block Media report, at a regular press conference on the 16th, the South Korean investigative agency stated that there are currently no plans to investigate the incident involving Luna issuer Terraform Labs, but they will have to monitor the situation. Regarding the allegations against Terraform Labs founder Do Kwon overseas, they responded: "There are currently no charges against him."
In addition, the South Korean financial authorities also stated: "Financial authorities have no authority to request data from the Terra platform or conduct inspections and supervision, so they cannot take direct action. However, we plan to try to make financial consumers aware of the risks of investing in virtual assets."
Recently, there have been rumors circulating online that an unemployed Chinese man in Singapore has filed a police report accusing Terraform Labs founder Do Kwon of fraud, but this has not been confirmed. This filing has also been commented on by Reddit users, stating that cryptocurrency investments are already high-risk activities, and it is difficult to get results by reporting to the police.
In addition, FTX founder SBF also once posted stating that Terraform Labs is not a scam, and UST has always operated according to its mechanism, not all bad things are the same.