🔥Odaily Planet Daily News, Lee, a former developer of Terraform Labs, accused company co-founders Do Kwon and Shin Hyun-seung in a South Korean court of promoting the TerraUSD stablecoin as a potential payment option to investors, despite knowing that local regulations prohibited this products. The testimony came during the interrogation of witnesses in the third trial of eight former Terraform Labs members, including Shin.

🚔In addition, Montenegro police announced that Han Chang-joon, the former chief financial officer of Terraform Labs, has been extradited to South Korea. Montenegro police said Han Chang-joon had been "handed over" to South Korean authorities so that they could initiate criminal proceedings for several criminal offenses related to financial investment services, investments and capital market fraud, which in South Korea are punishable by life imprisonment. .

⚖️Currently, attorney Goran Rodic, representing Terraform Labs co-founders Do Kwon and Han Chang-joon, said: “After the appeal, we are still waiting for the (extradition) decision on Do Kwon.” The whole incident is still fermenting, let us wait and see what happens next progress!