Prosecutors in South Korea are seeking to arrest Daniel Shin, the Fintech entrepreneur behind the Terraform Labs cryptocurrency project that lost a $60 billion loss. The Seoul prosecutor office confirmed that they are making new efforts to arrest Daniel Shin but did not provide any additional information regarding the matter. Do Kwon facing extradition in the U.S. over the TerraUSD crash Both South Korea and the US are currently seeking Do Kwon’s extradition on charges related to the crash of an algorithmic stablecoin TerraUSD and its associated token Luna. The explosion of these tokens triggered a series of crises in The post Daniel Shin Sought After Do Kwon’s Arrest In South Korea appeared first on Cryptoknowmics-Crypto News and Media Platform .
