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Luna token team member suspected of stealing bitcoins during cryptocurrency crash

8:40 pm, June 7, 2022

According to Biz Chosun, the police have launched an investigation into the theft of bitcoins from Terraform Labs by its ex-employee.

Yesterday, the South Korean police received information from anonymous sources about the embezzlement of corporate funds by a Terraform Labs employee. It is reported that the theft of the VTS took place in May, the amount of damage has not yet been disclosed, just as the UST/LUNA cryptocurrency was falling. It is not yet known whether the theft is related to the company’s founder, Do Kwon.

Changpeng Zhao, CEO of Binance, also became interested in Terraform Labs' problems and asked an internal investigation team to look into the accusations of Twitter insider FatMan against Terraform Labs. It is not yet clear how the Terra story will continue and what secrets will be revealed, but it is obvious that this is not the end.

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