Prosecutor, search and seizure of Upbit, Bithumb. Securing the Terra-Luna Do Kwon Transaction

The Seoul Southern District Prosecutor’s Office’s Joint Financial Securities Crime Investigation Team, which is investigating the ‘Terra – Luna’ case, seized and searched the headquarters of Upbit, Bithumb, Coinone, Korbit, and Gopax, the domestic virtual asset (cryptocurrency) exchanges around 7 pm on the 20^th.

According to Money Today coverage, it is said that the Hap Sudan and the Financial Investigation Department of the Southern District Prosecutors’ Office, which have been in charge of the Terra investigation, have requested the five major exchanges at once for the ‘Luna-Terra’ transaction details of related parties such as Terraform Labs CEO Kwon Do-hyeong and co-founder Shin Hyun-seong.

In particular, it is known that the prosecution, which dispatched the most manpower to Upbit, also seized and searched the offices related to ‘Dunamu & Partners’, which initially invested in Luna. According to an official from the prosecution, who is well aware of the matter, it is known that the Hap Sudan is investigating Kwon’s Tera-related fraud and fraudulent receipts, as well as allegations of corruption such as tax evasion. On the 20th of last month, the group has narrowed the investigation network by summoning former employees of Terraform Labs as a reference person for investigation and bans the departure of working-level staff.