Clarification: The Seoul Police received and began investigating the case last month. The incident the report was regarding occurred in May 2021.
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The Seoul Police confirmed today that they are investigating an embezzlement case from last month where a TFL employee (not Do Kwon) allegedly stole bitcoins from the company's coffers.https://biz.chosun.com/topics/topics_social/2022/06/07/2FDBPAXEW5DJFGTHQWJYXB6ZRU/ …
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so thats where it went
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What? Surely there was multisig in place? That would make it a conspiracy, no?
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Do Kwon stated in March 2022 that the LFG funds were held in a multisig controlled by seven directors, but this was an outright lie - several of these directors came forward and confirmed that they had no control over the funds - they were all in Do Kwon/Platias' hands.
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So easy to steal?
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Irony
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Fancy translating it for us?
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Main points: - Police think a TFL employee embezzled BTC from Terra. - No link between Do Kwon and this employee was confirmed. - Korean prosecutors are concurrently investigating Terra/Do Kwon for accusations under fraud and economic crimes acts. That's about it.
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Do kwon to random TFL employee: Take the private key. Stole some btc from the cold storage. Split 50-50. We are good, huhhh?
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Must investigate everyone and every partners in their ecosystems, and every investors and every whales whom are related or invested with Terra. Technology can break down, mistakes can happen from time to time, all engineers behind can fix and improve for better like
#Solana.Thanks. Twitter will use this to make your timeline better. UndoUndo
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