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Benzinga
Benzinga
Business
Murtuza Merchant

US, South Korea Team Up On Cryptocurrency Investigations Following Terra Collapse

On a recent visit to New York, South Korea’s Justice Minister Han Dong-hoon convened with U.S. officials to discuss ways to better investigate financial crimes — especially those related to cryptocurrencies.

According to a South Korean news agency, both nations agreed to share data on ongoing cases, namely the recent collapse of the Terra blockchain and its native token LUNA. Recall in May how investors lost billions of dollars when Terra's market cap shrunk from $12.24 billion down to $555 million.

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