Employees have been banned from leaving South Korea amid investigation into high-profile implosion of stablecoin TerraUSD
South Korea has banned current and former employees of Terraform Labs from leaving the country, suggesting prosecutors are stepping up their investigation into the TerraUSD stablecoin’s collapse.
“Departure bans are normally imposed to have them included for questioning,” the person said by phone. South Korea’s move comes a little more than a month after the high-profile implosion of algorithmic stablecoin TerraUSD, or UST. About $40bn in market value was erased for holders of UST and its sister coin luna when the stablecoin plunged far below its $1 peg. An investigation into the marketing of UST is under way in the US.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Justice ministry denies Namibian authorities requested help to probe Ramaphosa burglary suspectThe ministry of justice and correctional services has denied it received a request from the Namibian government for assistance in investigating a suspect allegedly behind the burglary at President Cyril Ramaphosa’s Phala Phala farm.
Read more »
Justice ministry denies Namibian authorities requested help to probe Ramaphosa burglary suspectThe ministry of justice and correctional services has denied it received a request from the Namibian government for assistance in investigating a suspect allegedly behind the burglary at President Cyril Ramaphosa’s Phala Phala farm.
Read more »
Justice ministry denies Namibian authorities requested help to probe Ramaphosa burglary suspectThe ministry of justice and correctional services has denied it received a request from the Namibian government for assistance in investigating a suspect allegedly behind the burglary at President Cyril Ramaphosa’s Phala Phala farm.
Read more »
FlySafair to add new routes across Africa.FlySafair plans to add at least 10 new routes across sub-Saharan Africa. Comair airlines FlySafair
Read more »
BUSISIWE MAVUSO: Shock reports on municipalities point to folly of cadre systemThe auditor-general’s audit and NPA’s probes into Free State councils reveal depth of malaise
Read more »
Thailand first Asian country to greenlight cannabis growing and useMove will boost agriculture by giving farmers a valuable new cash crop, authorities say
Read more »