Terras ex-CFO charged with fraudulent marketing

Odaily News South Korean authorities arrested former Terra CFO Han Chang-joon, accusing him of making illegal profits of approximately US$40 million. The charges allege that Han Chang-joon misled investors by falsely marketing the Terra stablecoin, knowing that it could not be used as an actual payment method. In addition, he is accused of selling LUNA without proper securities registration and leaking the financial information of approximately 100 million Chai Pay customers to the Terra blockchain. (The Block)