The South Korean authorities reportedly issued an arrest warrant to a former Chief Executive Officer of the e-commerce giant TMON.

He supposedly accepted bribes in Terra (LUNA) worth billions of won to promote the infamous blockchain project.

As reported by a local media outlet, an ex-boss of the Korean e-commerce company TMON was slapped with an arrest warrant due to his interaction with the collapsed cryptocurrency project Terraform Labs. Prosecutors accused him of receiving bribery in the form of LUNA tokens to advertise the failed project’s products. 

In addition, Daniel Shin – Co-Founder of Terraform Labs and Co-Creator of TMON – allegedly requested the former CEO to introduce LUNA as a payment method on the platform.