The South Korean prosecution raided Chai Corporation, a payment technology company under TFL co-founder Daniel Shin

ChainCatcher news, the Seoul Southern District Prosecutor's Office raided Chai Corporation, a payment technology company founded by Terraform Labs co-founder Daniel Shin.

It is reported that Chai had established a partnership with Terraform Labs to integrate the Terra Korean Won Stablecoin KRT into its payment services. Prosecutors allege that the company used customers' personal information to launch the service without consent. Additionally, earlier this week, the prosecutor's office summoned Daniel Shin to investigate whether his actions of storing pre-issue LUNA without notifying ordinary investors and then selling the tokens for a profit of $106 million violated capital market laws. (source link)