LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash

A crypto capitalist has been arrested aft knocking connected Do Kwon’s doorway pursuing the illness of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He mislaid astir $2.4 cardinal and is present nether probe by the South Korean police. “I felt similar I was going to die,” helium said astir losing his investments.

Investor Under Investigation for Going to Do Kwon’s Home

The illness of cryptocurrency terra (LUNA) and stablecoin terrausd (UST) has wiped retired a ample fig of investors. One capitalist successful peculiar sought nonstop answers from Kwon Do-hyung (aka Do Kwon), CEO of Terraform Labs who is down the 2 cryptocurrencies.

The investor, known arsenic “Chancers,” is simply a Korean societal media property who conducts streams connected cryptocurrency-related topics. He mislaid astir 3 cardinal won ($2.4 million) successful the LUNA and UST collapse. He told BBC News:

I felt similar I was going to die. I mislaid a batch of wealth successful a abbreviated play of time. Around $2.4m of my cryptocurrency was wiped out.

He explained that helium was aggravated with the deficiency of connection from Do Kwon aft LUNA and UST went into freefall. He past searched online and recovered Kwon’s location code successful Seoul.

“I wanted to inquire him astir his plans for LUNA,” Chancers said. “I suffered a immense nonaccomplishment and wanted to speech to him directly.”

The frustrated capitalist traveled crossed his location metropolis and knocked connected Kwon’s doorway connected May 12. He streamed the lawsuit connected his online channel; astir 100 radical were watching astatine the time.

However, aft ringing the doorbell of Kwon’s condominium, his woman answered the doorway and said her hubby was not home. She besides called the constabulary but Chancers already near the gathering erstwhile they arrived.

The capitalist recovered retired the adjacent time that the constabulary were looking for him. He past surrendered himself astatine Seoul’s Seongdong Police Station connected the greeting of May 13.

“I surrendered myself to the constabulary presumption twice,” Chancers stressed, insisting: “I didn’t trespass connected Do Kwon’s property, but according to Korean law, it’s amerciable to conscionable spell determination and effort to talk. I didn’t know.”

Chancers told the quality outlet that helium expects to look a good and a transgression grounds that could marque his beingness difficult. He opined:

It’s truthful hard. I mislaid a batch of wealth and present I’m being investigated by the police. I primitively served arsenic a civilian servant successful Korea. But if I americium convicted of this case, I whitethorn not beryllium capable to instrumentality to the civilian work again.

“In Korean culture, the occupation itself is not important but alternatively the information that it caused a scandal,” helium explained. “I adjacent had to apologize publically arsenic a sinner. I had nary thought this would beryllium truthful big. It’s precise sad.”

Do Kwon claims that helium has been successful Singapore since December past year. However, helium dissolved Terraform Labs Korea and unopen down the company’s Korean offices conscionable days earlier LUNA and UST collapsed.

South Korean authorities person launched an emergency investigation into the implosion of the 2 coins. This week, the Korean constabulary asked crypto exchanges to freeze the assets of the Luna Foundation Guard.

Do you deliberation it was incorrect for the capitalist to sound connected Do Kwon’s doorway aft helium mislaid millions successful the LUNA and UST crash? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.