Terraform Labs employee under investigation for embezzling firm’s Bitcoin
The legal troubles around Terraform Labs, the company behind the collapsed Terra (LUNA) ecosystem, are deepening after South Korean authorities launched investigations into one of the firm’s employees over alleged Bitcoin embezzlement.
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According to officials, no link has been established between the embezzlement suspect and Terra founder Do Kwon, nor has the amount of Bitcoin in question yet been revealed. The investigation was launched after authorities received intelligence reports regarding the suspect’s alleged fraud. Consequently, the Seoul police asked exchanges used in transacting the crypto assets to freeze the employee’s accounts.
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