Terra Subsidiary FLEXE Corporation Under Scrutiny: Channeled Money From Overseas?

South Korean prosecutors are intensifying their investigation into Terraform Labs, focusing on a potential subsidiary, FLEXE Corporation, allegedly used to facilitate the movement of funds from overseas to Terra associates. The investigation, which began around July 15, 2025, centers on whether FLEXE Corporation was used to funnel money and obscure the financial trail related to Terra's activities.

Prosecutors claim that the company, known as FLEXE Corporation, facilitated the movement of money from abroad to Terra associates. This revelation has sparked further concerns about the transparency and legality of Terra's financial operations. According to KBS News, fiscales surcoreanos han identificado lo que se cree que es una subsidiaria de Terraform Labs en Corea del Sur, FLEXE Corporation, que presuntam… indicating a cross-border element to the alleged financial misconduct.

Authorities in South Korea started looking into the matter around 15 de jul. de 2025. The investigation aims to determine the extent to which FLEXE Corporation, allegedly a Terraform Labs subsidiary in South Korea, was instrumental in concealing the origins and destinations of funds. South Korean prosecutors have reportedly identified what is believed to be a Terraform Labs subsidiary in South Korea, FLEXE Corporation, which was allegedly used to facilitate cash flow, raising serious questions about potential financial irregularities within the Terra ecosystem.

This ongoing investigation into FLEXE Corporation and its connection to Terraform Labs is a developing story. We will continue to provide updates as more information becomes available.