(Adds SDNY response)
March 13 (Reuters) - The U.S. Justice Department is
investigating last year’s collapse of the TerraUSD stablecoin,
the Wall Street Journal reported on Monday, citing people
familiar with the matter.
The Federal Bureau of Investigation and the Southern
District of New York (SDNY) have questioned former team members
of the company behind the stablecoin, the report said.
Terraform Labs did not immediately respond to a Reuters
request for comment. A spokesperson for the U.S. Attorney's
office for the SDNY declined to comment.
Last month, the U.S. Securities and Exchange Commission
charged Terraform founder Do Kwon with defrauding investors in
what the regulator deemed a multibillion-dollar scheme.
(Reporting by Niket Nishant in Bengaluru; Additional reporting
by Luc Cohen and Ananya Mariam Rajesh; Editing by Maju Samuel)
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