US Department Of Justice DOJ Is Investigating The Failure Of TerraUSD

After the SEC, the US Department of Justice wishes to investigate the cause of the collapse of the LUNA – UST project pair in May 2022, according to a report by WSJ. The US Department of Justice has opened an investigation into the Terra cryptocurrency project (LUNA) and the stablecoin TerraUSD (UST), which also means there is a high possibility that founder Do Kwon will receive criminal charges. Since the collapse of LUNA-UST, Kwon has deliberately evaded the authorities of Singapore and South Korea with rumors that he is staying in Serbia. The authorities of South Korea, the country that ordered Do Kwon’s arrest and canceled his passport, have sent representatives to Serbia to continue the search for Do Kwon. The CEO of Terraform Labs was recently reported to be preparing to return to the cryptocurrency market with a series of new projects. While no bailout has been given to the $60 billion crypto ecosystem, the authorities are determining whether those investment funds are a manipulative market.