US Prosecutors Seize Devices Related to Terra Case

According to Inner City Press, a specialized investigative internet media outlet, on the 8th (local time), a status conference is underway regarding the trial of Do Kwon, the former CEO of Terraform Labs, the main culprit of the Terra·Luna incident. Prosecutor Jared Lenow announced that devices related to the case have been seized.

It is reported that the devices contain 6 terabytes of data, including emails, Slack, Terraform, and virtual asset (cryptocurrency) transaction data.

Additionally, the US prosecutors have requested search warrants for Do Kwon's email and Twitter accounts.

Previously, US prosecutors disclosed nine indictments against Do Kwon for securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering.

Through the indictments, the prosecutors stated, "Do Kwon provided false information about the TerraUSD stablecoin in 2021," and "The growth of Terra and Luna was due to Do Kwon's deceptive acts."