According to local media sites, South Korean officials continue to investigate Terraform Labs, the business behind the Terra Network, and have summoned all employees.
Agency According to JTBC, this is part of a larger probe launched by the South Korean government and the Seoul Southern District Prosecutors Office’s financial and securities criminal investigation team.
- “At a certain point in time, there is no other way but to collapse because it cannot handle interest payments PaymentsOne of the bases of mediums of exchange in the modern world, …Read this Term and fluctuations in value,”
The authorities are said to have commented on Terraform Labs’ token profit model and the mechanism employed by the company. In addition, officials are said to have summoned an employee who was involved in the creation of Terra LUNA in its early stages in 2019.
