South Korea, US officials discuss sharing data in crypto investigations: Forkast

Quick Take

  • The officials reportedly discussed ways to share data on crypto investigations between the Seoul Southern District Prosecutor’s Office and the Southern District of New York office.
  • The SEC won a case against Terraform Labs and Do Kwon last month establishing jurisdiction in a federal securities investigation.

South Korea’s Justice Minister Han Dong-hoon met with US investigators in New York last week amid the countries’ separate probes into Terraform Labs and its co-founder Do Kwon, Forkast reported, citing a statement from South Korea’s Ministry of Justice.

The minister met with Andrea Griswold, co-chief of the Securities and Commodities Task Force, and Scott Hartman, chief of the Securities and Commodities Fraud Task Force, at the US Attorney’s Office for the Southern District of New York, the report said.

The officials discussed ways to share data on crypto investigations between the Seoul Southern District Prosecutor’s Office and the Southern District of New York office, Forkast said, citing a media release.

The Seoul Southern District Prosecutor’s Office is investigating Terraform Labs and CEO Do Kwon in a possible fraud case, Forkast said.

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