Ex-Terra Exec Made $105 Million Profit Selling LUNA? Probe Underway
Reports are surfacing that an ex-Terra executive, heavily implicated in the LUNA cryptocurrency crash, allegedly made a substantial profit of $105 million by selling LUNA tokens before the devastating collapse. A probe is currently underway to investigate these claims.
Daniel Shin (Shin Hyun-Seung) Under Scrutiny
The individual at the center of the investigation is reportedly Shin Hyun-Seung, also known as Daniel Shin, co-founder of Terraform Labs. On November 14th, 2025, and subsequent dates like November 18th, 2025, it was reported that Shin has been summoned by South Korean prosecutors to appear for questioning. The allegations center around earning "ill-gotten profits" with LUNA.
Accusations of Market Manipulation
Further accusations suggest that Shin\'s involvement with Terra Labs may have been an attempt to manipulate the market. On April 16th, 2025, reports indicated that LUNA token owners claimed Shin\'s support for Terra Labs was an attempt to drive up the price of the cryptocurrency artificially.
The $105 Million LUNA Sale
According to a December 2nd, 2025 report, Daniel Shin is accused of selling a $105 million hoard of Terra’s LUNA tokens at the cryptocurrency’s peak price, allegedly without regular investors being aware. This sale is now a key part of the investigation.
Legal Battles and Arrest Warrants
The repercussions are significant. On February 15th, 2025, South Korean prosecutors reportedly requested an arrest warrant for the former CEO of Tmon (believed to be related to this case), a Korean e-commerce platform, after allegedly taking billions of South Korean won related to Terra. The Securities and Exchange Commission (SEC) is also involved, with reports on February 17th, 2025, indicating that the SEC alleges Terraform and Kwon repeatedly deceived investors while marketing the LUNA token.
Continuing Investigation
The investigation is ongoing, and further details are expected to emerge. Stay tuned for updates on the ex-Terra exec, the $105 million LUNA profit, and the unfolding legal battles surrounding the Terra/LUNA collapse. The incident dating back to February 15th, 2025 when "El ex CEO de Tmon... habría ganado miles de millones de wons surcoreanos tras vender los tokens LUNA" continues to resonate.