South Korean prosecutors have issued an arrest warrant for Terraform Labs co-founder Daniel Shin, alleging he illegally profited before the collapse of its cryptocurrency luna and stablecoin terraUSD in May.

Warrants were also made for three other Terraform Labs investors and four engineers, Yonhap News reports.

South Korea has led the criminal investigations into the firm’s demise, suspecting fraud and tax evasion on a mass scale. The tax records of chief exec Do Kwon and Shin were seized. In July, prosecutors raided the offices of several top local crypto exchanges as well as the homes and offices of related suspects, including Kwon and Shin.

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