THELOGICALINDIAN - The affair amid US and South Korean admiral for the purposes of advice administration could spell added agitation for the burst stablecoin project
Officials from South Korea and the U.S. met this anniversary to altercate capacity including the analysis of May’s Terra collapse.
Officials Discuss Terra Investigation
Prosecutors in either hemisphere may be teaming up to investigate Terra.
South Korean Justice Minister Han Dong-hoon met with two U.S. admiral during a appointment to New York on Tuesday, June 6, to altercate Terra’s accident in May, amid added topics.
Scott Hartman and Andrea M. Griswold, arch and co-chief of the U.S. Securities and Commodities Task Force, were additionally present.
Yonhap News Agency reports that both abandon aggregate abstracts on the “high-profile case surrounding the accident of stablecoin TerraUSD and its agenda bread counterpart, Luna.”
South Korean prosecutors are reportedly advancing artifice charges, while the U.S. SEC is investigating whether TerraUSD’s marketing approach bankrupt investor-protection regulations.
The two parties additionally discussed means to access advice administration and cooperation about banking crimes and cryptocurrency-related crimes in general.
Prices Have Not Recovered Post-Collapse
The amount of Terra’s LUNA and TerraUSD tokens burst in the canicule afterward May 8. Despite attempts to animate the activity by bifurcation Terra’s blockchain, prices abide actual low.
TerraUSD Classic (USTC) is admired at $0.05, far beneath its advised $1.00 amount peg. Terra Luna Classic (LUNC) is admired at 1/10,000 of a cent. The active Terra (LUNA) is priced at $2.14, bottomward decidedly from backward May back it was account $10.52.
Though Terra’s burst in May, investigations on the amount are acceptable to abide over the advancing months or alike years.
In accession to the investigations discussed above, Terra is additionally actuality advised on added fronts. Past letters advance that staff biking bans, tax fraud, and Ponzi scheme designations accept been at the centermost of contempo investigations.
Other letters advance that South Korea could hold exchanges responsible for declining to assure investors during the crash.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and added cryptocurrencies.
