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

Following the aftermath of the Terra blockchain tokens LUNA and UST shedding vital worth, stories point out that the Terraform Labs founder Do Kwon’s condominium 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 condominium constructing and rang the doorbell asking for Kwon.

Unidentified Particular person Breaks Into Do Kwon’s House Constructing Looking for Terra Founder’s Whereabouts, Kwon’s Partner Seeks Assist From Police

Not too way back, on Could 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 under LUNA with an $18.5 billion market valuation. Each crypto market caps mixed on Could 1, 2022, have been round $46.8 billion in worth and right this moment, 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 a whole lot of ache amongst UST and LUNA traders and lots of have been very upset about how the scenario was dealt with. Some traders misplaced their life financial savings and youngsters’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 shedding funds.

Now, after just a few days for the reason that preliminary UST de-pegging incident, stories be aware that an unidentified particular person visited Do Kwon’s condominium constructing and rang the doorbell asking for the Terra founder. One native report explains that Do Kwon’s partner was dwelling 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 particular person rang the doorbell and Kwon’s partner answered. “Is your husband within the condominium?” the unknown particular person mentioned. The report mentioned that whereas the Terra blockchain tokens have been down in worth, Do Kwon’s dwelling was “uncovered to unspecified traders.” Seongdong police additionally famous that they have been investigating the scenario additional and “plan to evaluate what extra measures.”

Tags on this story
apartment building, do kwon, Implosion, Intruder, Kwon’s Spouse, Police, Police Protection, Seongdong police, Seoul, South Korea, terra (LUNA), Terra Founder, Terrausd (UST), Unidentified Person, Unintended visit, Unknown Person

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? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Information in regards to the disruptive protocols rising right this moment.

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