Terraform: crypto collapses lessen pressure on banks and regulators

Quick Summary AI Powered

Korean authorities are investigating Do Kwon, outspoken co-founder of Terraform Labs.

This unusually strict measure suggests prosecutors are escalating a probe into the spectacular collapse of the TerraUSD stablecoin.

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

or

Read Full Article4 minutes

Want your news featured here?

Article Details

Category: MarketsFinanceInvesting

Topics: Crypto Labs Alleged Financial Stablecoin Value Terraform Assets Cent Terrausd Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 12:04:52

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 555 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 2062

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 14h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details