S Korean Court Set to Decide If LUNC Is a Security – Trial of Terraform’s Shin to Begin

The trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.
Shin (Korean name Shin Hyun-seong) will face trial on fraud charges on June 10.
And the media outlets Chosun Ilbo and EToday reported that legal experts are expecting a “fierce” battle in court.
South Korean law currently does not classify any cryptoasset as a “security.”…
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