Could do Kwon be charged if terrausd collapsed?

The U.S. Justice Department is probing last year’s collapse of the terraUSD (UST) stablecoin, raising the possibility of criminal charges being filed against the stablecoin’s creator, Do Kwon, according to the Wall Street Journal, citing people familiar with the matter.

Could do Kwon be charged with a treasury collapsing stablecoin?

The U.S. Justice Department is probing last year’s collapse of the TerraUSD stablecoin, raising the possibility of criminal charges being filed against the stablecoin’s creator, Do Kwon, according to the Wall Street Journal, citing sources familiar with the matter.

Was terrausd a federal investor-protection hazard?

The US Securities and Exchange Commission is investigating whether the marketing of the TerraUSD stablecoin before it crashed last month violated federal investor-protection regulations, according to a person familiar with the matter.

Why did Terra halt new transactions in 2022?

In the case of Terra, the situation became so dire that the Terra validators halted new transactions on the morning of May 12, 2022. The Terra Luna and TerraUSD currencies experienced a significant crash in market value, and no one knows when they will recover. This highlights the risk of certain cryptocurrencies and algorithmic stablecoins.