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2022.09.14
Arrest Warrant for Terra CEO… Luna Is Deemed to be Investment Contract Securities
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The prosecutor’s office issued an arrest warrant for Kwon Do-hyung, a developer of the virtual asset Luna and Terra USD, as they deemed those two tokens to be investment contract securities under the Financial Investment Services and Capital Markets Act. Partner attorney Ohoon Kwon analyzed, “If Luna and Terra are categorized as investment contract securities, most of the current virtual assets may also be classified as security tokens.” [Digital Today 09.14.22]
URL: Arrest Warrant for Terra CEO… Luna Is Deemed to be Investment Contract Securities
