The Seoul Southern District Court has dismissed the prosecutors' warrants for arrest of several leading figures in Terraform Labs, according to South Korean news outlet Yonhap.
Prosecutors filed the warrants just two days ago. The highest-profile potential arrestee was Daniel Shin, the CEO of Chai Corp. and a co-founder of Terraform Labs. The dismissal does not eliminate criminal prosecution, which remains active, but means that they won't remain in custody for the proceedings.
(by Kollen Post)
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