According to KBS News, South Korean police are trying to freeze Luna Foundation Guard (LFG) reserves.
The publication reported that Seoul police have asked various cryptocurrency exchanges to prohibit LFG from withdrawing company funds.
It is unknown at this time exactly which exchanges have been approached and whether they have complied with the authorities’ demands.
Terraform Labs lost $30 billion this month, following the collapse of the Terra ecosystem.
Terraform Labs CEO Do Kwon is now under scrutiny by South Korean police. He is already under investigation for tax evasion.