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Seoul court holds first hearing for Terra co-founder Daniel Shin
The Seoul Southern District Court on Monday held the first preliminary hearing for Terraform Labs co-founder Daniel Shin and seven other former Terraform employees, Korean media outlet News 1 reported. However, Shin, who was indicted in April for several charges including fraud, did not personally attend the hearing held in Seoul, Forkast reported. South Korean prosecutors in April formally indicted Shin and nine others on multiple charges, including violations of capital markets law. That followed prosecutors’ months-long investigation into Terraform’s alleged wrongdoings that caused a dramatic implosion last ... (full story)