After the Seoul Southern District Court granted its approval for the plaintiffs’ request. Shin’s assets, valued at more than $104 million, were temporarily frozen
The District Court stopped the alleged stolen funds so that additional investigations could be carried out. This decision was made on suspicion of benefiting from LUNA’s unauthorized sales. With reports from a local news outlet,
Reports that Shin Hyun-seong, Luna’s CEO, sold the company at a high point and made gains or made fortunes via other illicit technologies are not accurate, according to the company.