South Korean authorities seize $160M in belongings tied to Terra workers: Report

The Seoul Southern District Prosecutor’s Workplace has reportedly confiscated roughly $160 million price of belongings from eight individuals related to the collapse of Terraform Labs, together with co-founder Daniel Shin.

Based on an April 3 report from South Korean information outlet KBS, authorities seized roughly 210 billion received — $160 million on the time of publication — price of property related to former workers, primarily within the type of actual property. Prosecutors reportedly took management of homes and properties owned by former Terra vp Kim Mo and an unnamed govt price roughly $60 million and $31 million, respectively.

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