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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 filed a complaint.
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 crashes sued Terraform Labs CEO Kwon Do-hyung and co-founder Shin Hyun-seong.
It is claimed 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 such as bans from leaving the country of Terraform Labs' former and current executives and summoning witnesses until recently.
The prosecution is known to have secured the coin transaction details of CEO Kwon and his employees in this seizure and search.
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.