Golden Finance reported that the opinion recently submitted by the Financial and Securities Crime Joint Investigation Division of the Southern District Prosecutors' Office of Seoul showed that in a conversation between Do Kwon and Shin in May 2019, he said, "I can create fake transactions that look real. When you grow bigger, you can reduce (fake transactions) and I won't be able to identify them." The prosecutor believes that this proves that Do Kwon and Shin deliberately manipulated transactions related to Terra from the beginning of their business with the intention of defrauding investors. They used fake transactions to exaggerate trading volume to attract investors and expand their business.