US Department of Justice The Wall Street Journal is investigating the collapse of stablecoin TerraUSD, citing sources.
Do Hyeong Kwon, chairman of Terraform Labs, is facing civil lawsuits from the Securities and Exchange Commission, or SEC, last month. If the Ministry of Justice eventually makes allegations, it will be considered a criminal offense and may face imprisonment.
The Justice Department investigation covers issues similar to the SEC litigation, the report cited people familiar with the matter. The Federal Bureau of Investigation and the Southern District of New York have been investigating former Terraform Lab team members in recent weeks.
The US Department of Justice also questioned the relationship between Chai, the Korean payments company Terraform built to power TerraUSD and expressed in the power of the Terraform blockchain, with Kwon and his team claiming that Chai used it to settle millions of transactions. list
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