Terra co -founder can be accused of managing the financial pyramid – Bits Media

A group of investors, who have lost the means with Terra collapse, filed a lawsuit against the founders of Terraform Labs.

One of the founders of Terraform Labs collapsed to Kvon (Do Kwon) a criminal charge for participation in the financial pyramid may be charged. South Korean Prosecutors are actively investigating this case, To understand: Can they make additional charges about creating a Ponzi scheme.

On Thursday, a group of South Korean investors filed a lawsuit against Kwon and his co -founder Daniel Shin (Daniel Shin), of which she accused the founders of the company of fraud and other financial violations, Terra collapse. Prosecutor's Office of the Southern District Seoul, which has begun pre -investigation, instructed her financial crime group to find out: whether Kwon intends to develop a pyramid, Promoting UST UST UST UST UST UST.

According to the representative of the South Korean Law Firm, representing the interests of investors who have applied to the court, Anchor protocol can be considered a Ponzi scheme due to its instability, since it constantly requires the influx of new investors, to allow the old one to enrich.

Also, As reported, 24 May, a special meeting in the National Assembly of South Korea will be held on the incident with LUNA.. Parliamentarians and officials will have to discuss additional measures to protect investors when exchanging virtual assets and introducing, If necessary, amendments to the law on digital assets.

Recall, Earlier, Teether Technical Director Paolo Ardoino (Paolo Ardoino) stated, that he does not see fraud in the collapse of the Terra and Sust. The expert considers, that the point is the poor architecture of the project.