Breaking: Terra Exec Arrested by South Korean Authorities
According to reports, Terra ’s Head of General Affairs, Yoo Mo, has been arrested by South Korean Authorities. This marks the first arrest in the ongoing Terra investigation. South Korean authorities issued a bench warrant against the individual on Wednesday. Yoo is considered to be a key aide to Terra form Labs chief, Do Kwon. JUST IN: 🇰🇷 South Korea arrests Terra's Head of General Affairs for fraud and market manipulation. — Watcher.Guru (@WatcherGuru) October 6, 2022 Yoo is charged with violating the capital markets act, fraud, breach of duty, and others. District prosecutor Choi Sung-kook confirmed the arrest while declining to reveal the location and time of the arrest. As of Thursday morning, the Seoul Southern District Court was preparing to issue a “direct judgment of warrant” on Yoo, in order to make a final determination over whether or not to grant the bench warrant. The decision will be made public later today. ...