Following the issuance of the warrant of arrest for the co-founder of Terra Classic, Daniel Shin, and seven other people who were involved in the administration and running of the crypto payment platform, Judge Hong Jin Pyo waived off the arrest, stating that there was really no need for them to be arrested.
As a result of that, the Chief Executive Officer of Terra Classic, who went AWOL as soon as his firm packed up, took to his Twitter page to insinuate that victory is not far along. The Terra community is divided in their reactions to this development.
Victory Is Near For Terra Classic
Since the fall of Terra, a couple of events have taken place. Ranging from Do Kwon going AWOL to Daniel Shin’s assets being seized by the court, an arrest warrant was issued to Daniel Shin and a couple of others who were involved with the crypto platform, Terra.
Yesterday, December 2nd, a South Korean court waived the arrests of Daniel Shin and the others whose arrest warrants were also issued.
According to the judge in charge, Hong Jin Pyo, there is little to no reason why they all need to be put in custody as they have cooperated with the judicial process so far and have not in any way shown that they are considering taking to their heels.
Don Kwon, the chief executive officer of Terra, whose whereabouts are still unknown, immediately took to his Twitter page and made a tweet that implied that the court’s decision was a win.
Over the span of several weeks, the co-founder has been consistent in claiming that he is innocent and did not act with malicious intent, and so far he has continued to evade his arrest.
Mixed Reactions From The Terra Community
While a fraction of the Terra community seems happy about the court’s decision, the other fraction feels played and thinks the court process is nothing but a show put on for the public.
A couple of the members of the community have continued to lament about how low the chances of recovering their money are.
They have tagged the waiver of the arrests as a chess move and shown their displeasure that not a single arrest has been made since the not-so-pretty fall of Terra.
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