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Average profit of 8 Terraform Labs employees of $40 billion… counted as proceeds of crime

Eight people, including Terraform Labs co-founder Shin Hyun-seong, were found to have earned an average of 40 billion won from the sale of Luna Classic (formerly Luna/LUNC).

According to YTN’s report, CEO Shin Hyun-seong was estimated to have earned 140 billion won, and the profits earned by the other 7 people ranged from up to 80 billion won to at least 1 billion won.

Prosecutors are investigating them on charges that they made a profit by securing a large quantity of pre-issued “Luna” and selling it in parts at each higher point by raising the price through “auto trading”.

Meanwhile, pre-arrest interrogation of suspects for eight people, including employees of Shin and Terraform Labs, is scheduled for tomorrow (the 2nd).

Reporter Jeong Hyo-rim Bloomingbit [email protected]

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