US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report

The U.S. and South Korean governments person reportedly agreed to stock information connected ongoing crypto cases, including the lawsuit surrounding Terraform Labs CEO Do Kwon and the illness of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).

U.S. and South Korea to Share Data connected Crypto Investigations

South Korea’s Justice Minister Han Dong-hoon met with U.S. prosecution officials during a sojourn to New York this week, Yonhap News Agency reported Wednesday.

The U.S. officials contiguous astatine the gathering included Andrea Griswold, main counsel to the United States Attorney, and Scott Hartman, co-chief of the Securities and Commodities Fraud Task Force of the U.S. Attorney’s Office for the Southern District of New York.

The officials from the 2 countries examined ways to heighten practice successful the probe of large securities fraud and fiscal crimes, including those involving cryptocurrency. Specifically, they discussed accusation speech betwixt the Seoul Southern District Prosecutors Office and the Southern District of New York office.

The 2 sides agreed to stock their latest probe information connected ongoing crypto cases, including the lawsuit surrounding the illness of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST), the work conveyed.

Both the U.S. and South Korea are investigating Terraform Labs laminitis Do Kwon and the implosion of LUNA and UST.

South Korean prosecutors are looking into imaginable fraud charges. In addition, the Korean authorities is considering imposing a unified listing standard connected cryptocurrency exchanges.

In the U.S., the Securities and Exchange Commission (SEC) is investigating Do Kwon and whether the selling of UST earlier it crashed violated investor-protection regulations. The LUNA implosion prompted SEC Chairman Gary Gensler to pass that a batch of crypto tokens volition fail. Meanwhile, U.S. lawmakers are besides calling for the urgent regulation of stablecoins.

What bash you deliberation astir the U.S. and South Korea sharing information connected crypto cases including the Terra collapse? Let america cognize successful the comments conception below.