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Justice Department investigating collapse of Do Kwon's TerraUSD: report

Crypto Published: March 13, 2023 at 8:15 p.m. ET The Department of Justice building in Washington, D.C. AFP/Getty Images The U.S. Justice Department is investigating the collapse of the stablecoin TerraUSD, the Wall Street Journal reported late Monday, putting founder Do Kwon at risk of facing new criminal charges. According to the Journal, the FBI

justice-department-investigating-collapse-of-do-kwon's-terrausd:-report

Crypto

The Department of Justice building in Washington, D.C.

AFP/Getty Images

The U.S. Justice Department is investigating the collapse of the stablecoin TerraUSD, the Wall Street Journal reported late Monday, putting founder Do Kwon at risk of facing new criminal charges.

According to the Journal, the FBI and prosecutors from the Southern District of New York have met in recent weeks with former employees of Kwon’s company, Singapore-based Terraform Labs.

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