Lawyers For Terra Co-Founder Daniel Shin Ask For More Time In Preliminary Hearing. Summary:.
11 Jul 2023, 08:00
Lawyers For Terra Co-Founder Daniel Shin Ask For More Time In Preliminary Hearing
Summary:
Co-Founder of Terraform Labs Daniel Shin needs more time to mount his defense, lawyers told a Seoul Court on Monday.Shin’s April indictment alleges that the former Terra exec and seven other former company employees broke South Korea’s Capital Markets Act.South Korean investigators are also looking to prosecute founder Do Kwon who is in a Montenegrin jail cell for forging travel papers.The first hearing for a case against Terraform co-founder Daniel Shin held on Monday following the company’s astronomical crash last year that deleted over $40 million from investor’s pockets.
According to South Korean media outlet News 1, the Seoul Southern District Court preliminary hearing addressed charges brought against Shin and seven other former Terra employees. Although Shin did not personally appear in court, his lawyers requested more time to mount a defense as the case is highly technical. The court set a date of August 28 for a second hearing.
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111 Jul 2023, 10:07
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