South Korea has banned current and former employees of Terraform Labs from leaving the country, suggesting prosecutors are stepping up their investigation into the TerraUSD stablecoin’s collapse.
An official with the prosecutors’ office in Seoul confirmed that “officials linked to the stablecoin’s collapse” have received travel restrictions but declined to disclose how many got the notice or describe the status of the investigation.
“Departure bans are normally imposed to have them included for questioning,” the person said by phone.
