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Terra Cofounder Daniel Shin Denies $100M LUNA Cashout: Report

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Daniel Shin, the cofounder of Terraform Labs Pte. Ltd., also known as Shin Hyun-seung, told South Korean prosecutors during an investigation on Thursday that he did not sell LUNA, now LUNC cryptocurrency, at a high point, local media outlet Global Economy Newspaper reported. Shin reportedly said he sold more than 70% of his LUNA tokens before its price surged, and held a fairly significant amount of LUNA during the collapse of Terra stablecoin and sister LUNA token in May. (forkast)

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