A Terraform Labs employee is facing police scrutiny amid allegations they 'embezzled' some of the company's Bitcoin holdings
Although Kwon didn't respond to the FT's request for a comment, fellow Terraform Labs co-founder Daniel Shin told the newspaper:
LUNA has since been reborn as a new token following a hard fork of the Terra blockchain, and trading of this token has been choppy to say the least. Local crypto exchanges are being urged to establish industry-wide guidelines that'll govern how specific tokens are listed and delisted. Upbit and Bithumb explained the move was linked to a recent LTC upgrade that boosts the privacy of transactions — amid fears this will fall afoul of the country's anti-money laundering rules.
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