Holpop News

According to the Financial Times, South Korean law enforcement authorities are investigating Terraform Labs from the TerraUSD (UST) crash.
The article reports that the Seoul Metropolitan Police Department suspects the company of stealing bitcoin assets.
Terra held $3.5 billion worth of bitcoins in its reserves.
Terraform co-founder Daniel Shin denied the fraud allegations, saying that Terraform had no intention of defrauding users and that the company wanted to introduce an innovative settlement system using blockchain technology.
Last month, South Korean authorities estimated that about 250,000 South Korean citizens were affected by the UST and Luna (LUNC) collapse.