South Korean politician calls for Do Kwon to attend hearing on TerraUSD’s collapse
Yun Chang-Hyun, a representative from South Korea’s ruling People Power Party, has called for a parliamentary hearing on TerraUSD (UST) after the stablecoin’s sudden collapse last week, local news outlet Newspim reported on Tuesday.
Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have reportedly asked crypto exchanges to share information on transactions linked to UST and Luna, including their trading volumes and the number of relevant investors. The two regulatory agencies have also reportedly asked exchanges to provide their countermeasures to the UST crash and their analysis of what caused it.