Following yesterday's (5th), we will continue with SBS's exclusive report on the 'Terra Project'.

From the end of 2018 to April of the following year, the initial seven members of the Terra project were allocated up to 4 million shares per person before Luna Coin was listed in Korea.

In particular, co-founders Hyunsung Shin and Dohyung Kwon secured 7 million and 1 million Luna for as low as 120.7 won each.

Prosecutors believe that after the coin was listed, they used the automatic trading program "bot" to ride bicycles, steadily increasing Luna's price, and when the value skyrocketed, they sold it and cashed it out.

Prosecutors stated that in Shin's case, the profits realized by disposing of them on domestic exchanges were at least 0.49 billion won.

On April 3 last year, when Luna peaked, Luna rose to $8 apiece and 7,1 won in Korean currency, and prosecutors said in a preliminary decision that the profits obtained at this time could amount to up to 479.4 trillion won.

By the same standard, the highest value of Kwon Do-hyung's Luna coin is more than 5 trillion won.

In this regard, Shin's side disposed of most of its coins when he broke with Kwon in 116, refuting the allegations of astronomical unfair gains presented by the prosecution, saying that this was before the value skyrocketed.

More details on SBS 14 News in a moment.