Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout

Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout

Report: Terra Founder Do Kwon's Spouse Seeks Police Protection After the LUNA and UST Fallout

Following the aftermath of the Terra blockchain tokens LUNA and UST dropping important worth, studies point out that the Terraform Labs founder Do Kwon’s residence was visited by an unidentified particular person. Do Kwon’s partner has requested safety from the Seongdong police in Seoul after the unknown particular person broke into the residence constructing and rang the doorbell asking for Kwon.

Unidentified Person Breaks Into Do Kwon’s Apartment Building Seeking Terra Founder’s Whereabouts, Kwon’s Spouse Seeks Help From Police

Not too way back, on May 1, 2022, the Terra blockchain token LUNA was the eighth-largest market cap amongst 13,000+ cryptocurrencies in existence. LUNA’s market cap on that day was $28.3 billion and terrausd (UST) was two spots beneath LUNA with an $18.5 billion market valuation. Both crypto market caps mixed on May 1, 2022, had been round $46.8 billion in worth and at this time, round 91% of that worth has disappeared.

At the time of writing, UST’s and LUNA’s market cap mixed equates to $3.9 billion in worth. Terra’s fallout has triggered lots of ache amongst UST and LUNA buyers and plenty of have been very upset about how the scenario was dealt with. Some buyers misplaced their life financial savings and kids’s faculty funds, and others managed to flee with a haircut by way of losses. Social media and boards are crammed with horrifying stories of people who find themselves severely depressed over the Terra scenario and dropping funds.

Now, after a couple of days for the reason that preliminary UST de-pegging incident, studies word that an unidentified particular person visited Do Kwon’s residence constructing and rang the doorbell asking for the Terra founder. One native report explains that Do Kwon’s partner was dwelling and he or she requested the Seongdong police to designate an officer for emergency safety. The crypto publication Forkast additionally spoke with Seoul’s Seongdong-gu district police and confirmed the story.

The police report notes that the unidentified particular person rang the doorbell and Kwon’s partner answered. “Is your husband within the residence?” the unknown particular person mentioned. The report mentioned that whereas the Terra blockchain tokens had been down in worth, Do Kwon’s dwelling was “uncovered to unspecified buyers.” Seongdong police additionally famous that they had been investigating the scenario additional and “plan to evaluate further measures.”

What do you concentrate on the unidentified particular person going to Do Kwon’s dwelling and his partner asking for police safety after the Terra blockchain implosion incident? Let us know what you concentrate on this topic within the feedback part beneath.

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