The Judge said there was little risk of evidence destruction, and dismissed warrants.
A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers.there was little risk of Shin or the Terra associates destroying evidence related to the case against the crypto firm, and dismissed warrants that the Seoul Southern District Prosecutors Office issued on Nov. 29.
“The Seoul Southern District Court’s ruling on Dec. 3rd to reject South Korean prosecutors’ detention warrant requests for former Terraform Labs employees once again illustrates the unfounded nature of the prosecutors' claims,” a Terra spokesperson said to Cointelegraph. Authorities in South Korea arrested Terraform Labs’ head of business, Yoo Mo, in October, but Judge Hongin a similar manner within 48 hours, saying it was difficult to see the “necessity and significance” of the arrest. In contrast, Kwon was still the target of lawmakers and regulators, having his name added to Interpol’s Red Notice list and no longer
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