During the Luna Terra business process, the core developer said, “(Co-founder) Shin Hyun-seong is behind” “Trust me. There is a report that there is a testimonial from a former employee who said, “I don’t think it will be ruined.”
According to the Kookmin Ilbo on the 26th, Shin Hyun-seong, chairman of the TMON board of directors, resigned from the management of Terra in March 2020 and said that he also split with Do-hyung Kwon, CEO of Terraform Labs. It was claimed that he had a %.
It is said that Kang Hyung-seok, the CEO of Standard Protocol, who worked as a developer of Terraform Labs, recently appeared as a witness at the Seoul Southern District Prosecutors’ Office and made this statement.
According to the report, CEO Kang said, “When (I) point out the dangers of the Luna/Tera structure, one of the core developers said, ‘Trust Shin Hyun-seong. Shin Hyun-seong and Kwon Do-hyung are behind him,’ he said.”
He continued, “(Let’s continue internal criticism) I heard sarcasm about ‘Are you in the Ivy League?’ Because of this, he still thought that Chairman Shin and Terra Form Labs were related.”
Regarding this, Chairman Shin said to the Kookmin Ilbo, “The launch of the anchor protocol is a year after I resigned from Terra management. Other than that, he is said to have said “I don’t know”.
Earlier, in May, Luna and Terra investors filed a complaint against CEO Kwon and Chairman Shin with the Financial Securities Crimes Joint Investigation Team of the Seoul Southern District Prosecutors’ Office on charges of fraud and violating the quasi-receipt law under the Act on Aggravated Punishment for Specific Economic Crimes.
Prosecutors are expected to look into the entire process from creation to extinction of the coin in the investigation of the Luna/Tera case and examine whether there was any illegal activity.
Reporter Hanna Yang Bloomingbit sheep@bloomingbit.io
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