The Seoul Southern District Attorney’s Office and the New York Southern District Supervisory Authority have agreed to exchange information regarding the investigation into the Terra ecosystem collapse. This was reported by the Yonhap news agency.

The agreement was reached during a meeting between Han Dong Hoon, South Korean Minister of Justice, and Andrea Griswold and Scott Hartman, representatives of the US Southern District Attorney’s Office of New York.

According to the agency, the parties also discussed ways to expand cooperation in the investigation of financial crimes, including those related to the cryptocurrency industry.

In the wake of Terra’s collapse, South Korean financial regulators held an emergency meeting to assess the impact of the incident. According to media reports, local authorities began checking Terraform Labs employees as part of the investigation.

Back in June, it became known that the U.S. Securities and Exchange Commission began to take an interest in the people behind the UST stablecoin.

Recall that Terraform Labs president Do Kwon called the charges against him “baseless” and declined to comment on any law enforcement investigation.

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