South Korea's Supreme Court has ruled that TerraUSD (USTC) and its sister token Terra (LUNA) do not qualify as financial investment products. The court rejected prosecutors' appeal to seize assets from a co-founder of Terraform Labs, stating that LUNA does not meet the legal definition of a security or financial investment product. However, despite the ruling, Terraform executives still face fraud charges for allegedly misleading investors and manipulating the market. The collapse of Terra in May 2022 resulted in significant losses for investors.



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