Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout – Bitcoin News

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

Unidentified Individual Breaks Into Do Kwon’s House Constructing In search of Terra Founder’s Whereabouts, Kwon’s Partner Seeks Assist From Police

Not too way back, on Might 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. Each crypto market caps mixed on Might 1, 2022, had been round $46.8 billion in worth and in the present day, round 91% of that worth has disappeared.

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

Now, after just a few days because the preliminary UST de-pegging incident, stories notice that an unidentified individual visited Do Kwon’s house constructing and rang the doorbell asking for the Terra founder. One native report explains that Do Kwon’s partner was house and she or he 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 individual rang the doorbell and Kwon’s partner answered. “Is your husband within the house?” the unknown individual stated. The report stated that whereas the Terra blockchain tokens had been down in worth, Do Kwon’s house was “uncovered to unspecified traders.” Seongdong police additionally famous that they had been investigating the scenario additional and “plan to assessment what extra measures.”

Tags on this story
house constructing, do kwon, Implosion, Intruder, Kwon’s Partner, Police, Police Safety, Seongdong police, Seoul, South Korea, terra (LUNA), Terra Founder, Terrausd (UST), Unidentified Individual, Unintended go to, Unknown Individual

What do you consider the unidentified individual going to Do Kwon’s house and his partner asking for police safety after the Terra blockchain implosion incident? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Information concerning the disruptive protocols rising in the present day.

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