The Seoul District Court will hold the second hearing on August 28th for Terra co-founders and other involved individuals.

According to a report by CoinGape on July 10th, at the first hearing held by the Seoul Southern District Court, the lawyer representing Daniel Shin, co-founder of Terra and former CEO of Chai, requested Judge Jang Seong-hoon for more time to prepare for his criminal defense. The Korea Times reported that Daniel Shin did not attend the hearing in person. The court granted the request and scheduled the second hearing for August 28th. The prosecutor expressed disappointment at the continued delay. The judge stated, "We will review the lawyer's opinions and reopen the trial preparation date to determine the opportunities for defense and the order of questioning." Today, BlockBeats reported that the Seoul Southern District Court in South Korea held its first court hearing for Daniel Shin, co-founder of Terraform Labs, and seven other former Terra employees.