The South Korean court has reportedly ordered to freeze 120 billion won ($92 million) in assets of former and incumbent CEOs of Kernel Labs, which is a blockchain consultancy firm affiliated with Terraform Labs. The firm’s CEO Kim Hyun-joong is alleged to have the largest portion of the illegal proceeds from Terra and the estimated amount is at least 79 billion won ($61 million). It has come after the seizure of 140 billion won ($108 million) from Terra co-founder Shin Hyun-Seong in November.
Source: https://cointelegraph.com
