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Published 1 year ago

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse – Bitcoin News

Summary by Ground News
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) The Wall Street Journal reports that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Investigators are also looking into the relationship between Terraform labs and the South Korean payment firm Chai.

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