Do Kwon Terra South Korea city Seoul business regulation investigation Do Kwon Terra South Korea city Seoul

'Grim Reapers' financial crimes unit revived to investigate Terra collapse

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Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant "Grim Reapers of Yeoui-do" to investigate Terra’s fall.The special investigative and prosecutorial team consists of members from various financial regulators, and is designed to prosecute securities fraud and unfair trading schemes.

Potentially at risk are co-founders Do Kwon and Shin Hyun-seong, along with core members of the Terra team. Yeoui-do is the financial center of Seoul.Today: Korea’s “Grim Reapers of Yeouido” - Financial and Securities Crime Joint Investigation Team - are back after 2.5 years.

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