Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
The Terra co-founder Do Kwon's bail application was opposed by the prosecutor because he has "zero interest" in staying in the country.
Oluwapelumi Adejumo 2 min read 
Shin had previously denied his involvement with Terra, saying he left the company long before the project collapsed.
Kwon was arrested in Montenegro last month. Both South Korea and the U.S. are looking to extradite him for trial.
Terraport confirmed that its liquidity pool was exploited for an undisclosed sum earlier today.
South Korea's prosecutors efforts to freeze assets belonging to Terra founder Do Kwon has been futile because he owns no asset in the country.
The Terra and Luna founder faces charges in multiple countries.
FatManTerra blasted "corrupt" lawyers for assisting Do Kwon establish a shell company despite being on the run from law enforcement.
Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
The U.S. prosecutors accused Kwon of defrauding crypto customers and submitted him to eight criminal counts.
