Odaily Planet Daily News The Seoul Southern District Court in South Korea on Thursday approved the local prosecutor’s request to freeze approximately US$104 million in assets belonging to Terraform Labs co-founder Daniel Shin. Local authorities believe the assets were obtained illegally through the LUNA cryptocurrency. Earlier on Thursday, Shin appeared before the local prosecutor's office, where he is being investigated on charges of violating capital markets laws and breach of duty. According to previous reports, the Seoul Southern District Prosecutor’s Office raided Chai Corporation, a payment technology company founded by Terraform Labs co-founder Daniel Shin. Chai previously entered into a partnership with Terraform Labs to integrate Terra’s Korean won stablecoin, KRT, into its payment services. Prosecutors accused the company of using customers' personal information without consent to launch the service. (Forkast)