Police investigating the deaths of 10-year-old schoolgirl Cho Yoo-na and her parents, whose corpses were found inside a car off the waters of Wando, South Jeolla, said Thursday that autopsies failed to determine the exact cause of their deaths.
A car belonging to the family of missing 10-year-old schoolgirl Cho Yoo-na was recovered from waters off the island of Wando, South Jeolla on Wednesday, with bodies suspected to be those of Cho and her parents inside, according to police.
Prosecutors raided the National Tax Service (NTS) seeking information on Do Kwon, CEO of Terraform Labs and mastermind behind cryptocurrencies that collapsed and lost almost all their value last month.
The crash of Luna in May has reignited the controversy over the worth of cryptocurrencies and the countermeasures aimed to prevent another such meltdown that is being described as a Ponzi scheme.
Cryptocurrencies Luna and TerraUSD's prices have plunged, causing a ripple in the global crypto market.
LKB & Partners filed a complaint on behalf of five clients against Terraform Labs and its co-founders on Thursday.
Kwon Do-hyeong, CEO of Terraform Labs, has announced his plans to revive Terra, the controversial stable coin.
In market collapses, many lose and some win, and win big. Short sellers and other contrarians can do well in the panic.
The collapse of Luna is starting to ripple through Korea as investors in the coin and companies associated with them add up their losses and adjust their plans.
Financial authorities are keeping an eye on the cryptocurrency market following the crash of TerraUSD cryptocurrency and its sister token Luna, but admit there's not much they can do immediately.