Terraform Founder Daniel Shin On Trial In South Korea, Prosecution Alleges Fraud and Insider Trading
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Daniel Shin claimed he left Terraform before its collapse and is not responsible.
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Shin is on trial in South Korea for allegedly defrauding investors.
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Prosecutors say Terraform took advantage of poorly informed investors.
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Defense disputed that LUNA is a security subject to Korean regulations.
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South Korean authorities seized $105 million from Shin, alleging insider trading.