Published 1 year ago

US Justice Department probes collapse of TerraUSD stablecoin

Summary by Ground News

The Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin. The collapse contributed to a $40 billion wipe out in the Terra ecosystem last May. The probe covers similar ground to a lawsuit filed against Terraform Labs and its founder Do Kwon by the U.S. Securities Exchange Commission.

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New York Post

SVB collapse reportedly being probed by Justice Department, SEC

The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group.

1 year ago·New York, United States

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Channel News Asia

US Justice Department probes collapse of TerraUSD stablecoin

:The U.S. Justice Department is investigating last year’s collapse of the TerraUSD stablecoin, the Wall Street Journal reported on Monday, citing people familiar with the matter.The Federal Bureau of Investigation and the Southern District of New York (SDNY) have questioned former team members of the compan

1 year ago·Singapore

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Cointelegraph

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The U.S. FBI and New York officials are the latest U.S. agencies to probe the collapse of the TerraClassicUSD stablecoin. It is unclear what charges they are pursuing.

1 year ago

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