A Week-Long Terra Luna Investigation by South Korean Authorities Comes to an End

The dust continues to settle after the collapse of Terra-Luna, and South Korean authorities have been diligently investigating the circumstances surrounding the catastrophic event. After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. This intensive period signifies a critical step in understanding what led to the downfall and potential culpability.

This investigation is part of a broader effort to bring those responsible to justice. TerraForm Labs, its founder Do Kwon He faces fraud charges in South Korea related to the now collapsed Terra-Luna stablecoin, a project developed by his Singapore-based Terraform Labs. The complexities of the case have required meticulous examination of financial records and communication logs.

The timeline of events is crucial. In September 2025, South Korean prosecutors issued arrest warrants for Kwon, who was then suspected of being in Singapore. Interpol then issued a Red Notice to arrest him. His escape and subsequent search have added layers of intrigue to the ongoing saga.

Adding to the legal framework surrounding digital assets, 13 de sept. de 2025 South Korean prosecutors’ team has started a new investigation and review on Terra tokens to categorize them under securities. This could have significant implications for the regulation of cryptocurrencies in South Korea and beyond.

The conclusion of this week-long intensive investigation marks a pivotal point, but the journey towards resolution is far from over. Expect further developments as authorities analyze the findings and pursue legal avenues both domestically and internationally.