Recently, South Korean prosecutors filed an arrest warrant for the former CEO of an e-commerce giant, TMON, who was identified as ‘Mr. A’. A local news outlet, Dong-AIlbo, reported this recent move from the Seoul Southern District Prosecutor’s Office. 

The statement alleges that the former executive received bribes in Terra (LUNA) tokens worth billions of South Korean won. The funds were meant to facilitate the introduction of LUNA as a payment option on the TMON platform.

Also, a broker, whose name is withheld, was implicated in the bribery incident and will be arrested. The report noted that the review for the arrest warrant would be on February 17.