ChainCatcher reported that according to Yonhap News Agency, there is evidence that Terraform Labs founder Do Kwon and Chai CEO Daniel Shin intended to defraud Terra investors since the inception of Terraform Labs.
The conversation records between Kwon and Shin show that Kwon told Shin: "I can create fake transactions that look real."
Shin responded: "Let's experiment on a small scale first and see how it works."
These conversation records have been submitted to the court as evidence by the country's prosecutors.
