South Korean police have banned the creators of the Terra ecosystem from leaving the country

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At least one of the creators of the Terra project was subject to a travel ban. The ban was imposed by South Korean law enforcement agencies in connection with an investigation into the activities of the project.

It is reported that a certain Terraform Labs employee under the pseudonym “Mr. A” received the “black ticket.” It is unknown whether the founder of the company, Do Kwon, received the corresponding order.

According to a local publication's source, Do Kwonmade a very impressive fortune - he sold cryptocurrencies to certain “institutional investors.” The source says that Kwon himself boasted that he had raised so much money that “it would be enough to buy the island.”

South Korean law enforcement agenciesare trying to understand to what extent the actions of Do Kwon and other top managers of the Luna Foundation were legal. Judging by the latest actions of the police, the prosecutor's office and the police have reasonable doubts about the actions of the businessmen.

Previously, the cryptocurrency exchanges of the SouthKorea has joined the international Investor Protection Code and has developed an emergency response system in case of another collapse in the style of the collapse of the Terra project.