According to Yonhap News Agency, the Southern Court of Seoul, South Korea has approved the request of local prosecutors to confiscate and preserve the 140 billion won (approximately US$104 million) assets of Terraform Labs co-founder Daniel Shin. Profits from selling pre-release Luna at high prices without the knowledge of investors. Foresight News previously reported that South Korea’s Seoul Southern District Prosecutor’s Office raided Chai Corporation, a payment technology company founded by Terraform Labs co-founder Daniel Shin, yesterday.