According to ChainCatcher, the Seoul Southern District Prosecutor's Office raided Chai Corporation, a payment technology company founded by Terraform Labs co-founder Daniel Shin.

It is reported that Chai had established a partnership with Terraform Labs to integrate Terra Korean Won Stablecoin KRT into its payment service. Prosecutors accused the company of using customers' personal information without consent to launch the service. In addition, earlier this week, the prosecutor's office also summoned Daniel Shin to investigate whether his behavior of storing pre-issuance LUNA without notifying ordinary investors and then selling Tokens for a profit of $106 million violated the Capital Markets Act. (Source link)