Terraform Labs accuses South Korean prosecutors of overstepping their authority, claiming that Luna is not a security and does not apply to South Korean capital market laws

Chain Catcher news, Terraform Labs believes that the actions of the Korean prosecutors after the collapse of UST and Luna are unfair, having highly politicized the case and failing to uphold the basic rights protected by Korean law. Terraform Labs argues that Luna has not been legally classified as a security, and therefore the relevant laws regarding capital markets in Korea do not apply. (Source link)