a, plummeted almost totally and lost their $1 peg, resulting in huge losses for investors. According to the Wall Street Journal, the losses for investors may be in the billions of dollars.

Do Kwon Arrest Warrant and Interpol Red Notice

South Korea has issued an arrest warrant for Kwon and obtained a Red Notice from Interpol to alert law enforcement agencies worldwide about his whereabouts. Kwon is believed to have fled from South Korea to evade prosecution.

Catchy Headline:

U.S. DOJ Investigates $1B+ Losses From Collapse of TerraUSD Stablecoin

• The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and considering bringing criminal charges against its creator, Do Kwon.
• In May 2022, Terra’s two primary stablecoins, TerraUSD and Luna, plummeted almost totally and lost their $1 peg.
• South Korea has issued an arrest warrant for Kwon and obtained a Red Notice from Interpol to alert law enforcement agencies worldwide about his whereabouts.

U.S. Justice Department Investigates Collapse of TerraUSD Stablecoin

The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against its creator, Do Kwon, as reported by the Wall Street Journal. The move follows last month’s charges filed by the U.S. Securities and Exchange Commission against Kwon for allegedly misleading investors in a multibillion-dollar scam.

TerraUSD And Luna Plummet

In May 2022, the two primary stablecoins of the crypto project Terra have fallen precipitously, prompting comparisons to the collapse of Lehman Brothers which triggered the 2008 financial crisis At one point, the stablecoin TerraUSD (UST) almost totally collapsed and lost its $1 peg, plummeting to $026 Likewise, its sibling token Luna plummeted by more than 97%, falling below $022 Eventually Luna had fallen to almost zero value while it was peaking at around $120 earlier that year

Investigations By Global Law Enforcement Agencies

The Federal Bureau of Investigation and Southern District of New York have interviewed former workers of Terraform Labs –the firm behind TerraUSD– as part of their probe nearly a year later South Korea has already issued an arrest warrant for Kwon and obtained a Red Notice for him from Interpol Singapore authorities are also conducting investigations into this defunct stablecoin project

Crypto Market Reclaims Trillion Territory

Following a tumultuous week Crypto total market cap reclaims back over $1 trillion territory Robert Kiyosaki meanwhile warns investors to buy more Bitcoin in preparation for “crash landing” BitStarz player additionally lands record win amounting up to $2459124 after playing Wildio game with deposit bonus plus 100 free spins

Conclusion

Do Kwon faces multiple investigations and charges brought forth by respective global law enforcement agencies following his alleged involvement in multibillion dollar scams triggered by collapse of his own blockchain project Meanwhile crypto markets recover after turbulent week with record wins reported on popular gambling sites