Following recent legal action against ten Terraform Labs employees, including co-founder Shin Hyun-seong, known to many as Daniel Shin, prosecutors in Seoul appear convinced that Terraform Labs and co-founder Do Kwon are still holding onto large amounts of funds, specifically 130 billion won ($100 million) in Swiss bank accounts.

South Korean prosecutors claimed that Do Kwon and Terraform Labs still had $100 million in a Swiss bank account, a claim backed up by the SEC’s lawsuit.

As previously reported, Do Kwon and Terraform Labs still have billions of won in their accounts at Swiss bank Sygnum. (Bitcoin.com) #crypto2023 #askbinancesensei #bicasso