A trial preparation hearing for Terra co-founder Daniel Shin was convened on July 10 for allegedly deceiving investors and profiting from manipulating the price of certain tokens.
Shin and seven others are charged with fraud, breach of duty, embezzlement, and violation of the country s Capital Markets Act while Kown is currently in prison in Montenegro for illegal possession
Financial regulators and law enforcement agencies in the United States have also started investigating the collapse of Terra s so-called algorithm stablecoin.