As per a recent report by the local South Korean news outlet KBS, the Seoul Southern District Prosecutor’s Office has seized approximately $160 million in assets from eight individuals linked to the collapse of Terraform Labs.

Authorities seized nearly $160 million in property associated with former Terra workers, primarily in the form of real estate. Prosecutors allegedly took possession of houses and properties worth $60 million and $31 million owned by former Vice President Kim Mo and an unnamed executive, respectively.

The seizures are allegedly intended to prevent former Terra employees from disposing of assets. Authorities seized Terraform Labs co-founder Shin “Daniel” Hyun-Song’s home in Seoul in November 2022 but are apparently still investigating other assets allegedly linked to the Terra co-founder.