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Prosecutors investigating the Luna-Tera collapse simultaneously seized and searched domestic cryptocurrency exchanges until dawn today (21st).

This is the first forced investigation in about two months after the investors who suffered losses sued.



This is reporter Kim Bo-mi.



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Prosecutors are carrying blue boxes and get out of the building.



[Did Kwon Do-hyung, CEO, have secured the transaction history of Terra?]



Prosecutors who are investigating the collapse of the cryptocurrency Luna and Terra have launched a full-fledged search and seizure.



Seven domestic cryptocurrency exchanges such as Upbit and Bithumb and 15 companies related to Terraform Labs, the issuer of Luna and Terra, are targeted.



The search and seizure lasted for nearly 10 hours from 5:30 pm yesterday to 3 am today.



In May, investors who suffered huge losses from the Luna and Terra crash sued Terraform Labs CEO Kwon Do-hyung and co-founder Shin Hyun-seong.



They claim that they suffered a huge loss because they did not properly inform about design errors or flaws in the algorithm while issuing coins.



This case was also assigned as the 'No. 1 case' to the joint financial and securities crime investigation team, which was revived after Han Dong-hoon took office as Minister of Justice.



Prosecutors have been conducting investigations until recently, including bans on departure of former and current Terraform Labs executives and summoning witnesses to investigate.



The prosecution is known to have secured the coin transaction details of CEO Kwon and his employees in this search and seizure.



While it is known that CEO Kwon is still overseas, the prosecution plans to calculate the exact amount of damage through analysis of confiscated items and focus on proving Kwon's allegations of fraud.