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  • Writer's pictureBrandon Bianco

The United States and Korea will work together in the investigation of TerraformLabs

On Tuesday South Korean Justice Minister Han Dong-hoon met in New York with the U.S.

prosecution officials Andrea Griswold, co-chief of the Securities and Commodities Task Force at the U.S. Attorney's Office for the Southern District of New York, and Scott Hartman, chief of the Securities and Commodities Fraud Task Force of the same office.

The Yonhap News Agency reports,

“The two sides discussed ways to strengthen cooperation and information exchange between the Seoul Southern District Prosecutors Office and the Southern District of New York office in fighting against major securities fraud and financial crimes.”

South Korean prosecutors are currently investigating possible fraud charges surrounding

Terraform Labs while at the same time the U.S. Securities and Exchange Commission is

investigating Do Kwon, co-founder and CEO of Terraform Labs, and whether he violated any

investor-protection regulations leading up to the Terra Luna collapse.

Yonhap News reports,

“The two sides also agreed to share their latest investigation data on ongoing crypto cases, including the high-profile case surrounding the meltdown of stablecoin TerraUSD and its digital coin counterpart, Luna.”
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