Recent reports have confirmed that South Korea has blocked Terra Labs’ current and former employees from leaving the country, as prosecutors level up their investigation into the last month’s stablecoin debacle.
Bloomberg noted that travel restrictions have been put in place for “officials linked to the stablecoin’s collapse.”
15 employees reportedly face restrictions
Details as to how many employees have been named in the notice are currently unconfirmed. However, Yonhap News claims that about 15 people, including Anchor’s former project developers, are reportedly under travel restrictions.
“Departure bans are normally imposed to have them included for questioning,” a source to Bloomberg remarked.
According to Daniel Hong, Terraform’s former developer, ‘every ex-terra employee that he contacted was banned from leaving the country,’ including ‘people who left the platform back in 2019-2020.’
He also argued on Twitter that “people being treated as…