Prosecutors in Seoul appear convinced that Terraform Labs and co-founder Do Kwon are still holding large sums of money following recent legal proceedings against ten Terraform Labs employees, including co-founder Shin Hyun-seong, known to many as Daniel Shin. , especially 130 billion won ($100 million) in Swiss bank accounts.

South Korean prosecutors claim that $100 million remains in a Swiss bank account of Do Kwon and Terraform Labs, a claim supported by the SEC lawsuit.