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.

What is terrausd stablecoin?

It is important to note the terraUSD stablecoin is the central function of the entire Luna layer 1 blockchain, which also has general smart-contract functionality. Luna also has a variety of other tools and functions, including the Anchor lending platform, non-fungible tokens (NFT), initial coin offerings (ICO) and the like.

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.