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25 May 10:52

About our Terraform Labs news

Latest news on Terraform Labs, a cryptocurrency company based in South Korea that is being investigated by the Seoul Southern District Prosecutors Office after the $40bn implosion of its cryptocurrency, terraUSD, for allegedly deceiving investors. The travel ban on 'dozens' of former and current Terraform Labs employees prevents them from leaving the country. The sudden collapse of the company's cryptocurrency, terraUSD, sparked chaos in cryptocurrency markets, as companies across the sector faced financial pressure from a sell-off in digital assets.

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