South Korean authorities issue arrest warrant to CEO of Tmon e-commerce platform for shilling Terra

South Korean authorities have issued an arrest warrant for the former CEO of Tmon, a major Korean e-commerce platform. The allege that he was bribed with Luna tokens, which he exchanged for billions of won (worth around US$105 million), to promote Terra: the stablecoin in the Terra/Luna ecosystem.

Terra and Luna dramatically collapsed in May 2022, and South Korean authorities are still hunting for Terra leader Do Kwon, who is reportedly hiding in Serbia. Earlier this month, Korean authorities reportedly traveled to Serbia to try to locate him, but were unsuccessful.

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  “Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs”
  , Cointelegraph
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  “Former CEO of TMON Gets an Arrest Warrant for Allegedly Receiving LUNA Bribes (Report)”
  , CryptoPotato
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  “The Hunt for Crypto Fugitive Do Kwon Led South Korean Officials to Serbia Last Week”
  , Bloomberg