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

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

A crypto financial backer has been captured in the wake of thumping on Do Kwon’s entryway following the breakdown of cryptographic money land (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is currently being scrutinized by the South Korean police. “I felt like I was going to die,” he said about losing his investments.

Investor Under Investigation for Going to Do Kwon’s Home

The breakdown of digital money land (LUNA) and stablecoin terrausd (UST) has cleared out an enormous number of financial backers. One financial backer specifically looked for straightforward replies from Kwon Do-hyung (also known as Do Kwon), CEO of Terraform Labs who is behind the two cryptocurrencies.

The financial backer, known as “Chancers,” is a Korean web-based entertainment character who behaviors streams on cryptographic money related points. He lost around 3 billion won ($2.4 million) in the LUNA and UST breakdown. He told BBC News:

I felt like I planned to pass on. I lost large chunk of change in a brief timeframe. Around $2.4m of my digital money was cleaned out.

He made sense of that he was irate with the absence of correspondence from Do Kwon after LUNA and UST went into drop. He then, at that point, looked through on the web and tracked down Kwon’s personal residence in Seoul.

“I wanted to ask him about his plans for LUNA,” Chancers said. “I suffered a huge loss and wanted to talk to him directly.”

The disappointed financial backer traversed his home city and thumped on Kwon’s entryway on May 12. He streamed the occasion on his internet based channel; around 100 individuals were watching at the time.

However, in the wake of ringing the doorbell of Kwon’s condo, his better half addressed the entryway and said her significant other was not home. She additionally called the police however Chancers previously left the structure when they arrived.

The financial backer figured out the following day that the police were searching for him. He then, at that point, gave up himself at Seoul’s Seongdong Police Station on the morning of May 13.

“I surrendered myself to the police station twice,” Chancers pushed, demanding: “I didn’t trespass on Do Kwon’s property, but according to Korean law, it’s illegal to just go there and try to talk. I didn’t know.”

Chancers told the media source that he hopes to confront a fine and a crook record that could make his life troublesome. He opined:

It’s so difficult. I lost truckload of cash and presently I’m being explored by the police. I initially filled in as a government employee in Korea. Be that as it may, assuming I am indicted for this case, I will most likely be unable to get back to the common help again.

“In Korean culture, the problem itself is not important but rather the fact that it caused a scandal,” he made sense of. “I even had to apologize publicly as a sinner. I had no idea this would be so big. It’s very sad.”

Do Kwon claims that he has been in Singapore since December last year. Notwithstanding, he broke up Terraform Labs Korea and shut down the organization’s Korean workplaces only days before LUNA and UST collapsed.

South Korean specialists have sent off a crisis examination concerning the collapse of the two coins. This week, the Korean police asked crypto trades to freeze the resources of the Luna Foundation Guard.

Do you think it was off-base for the financial backer to thump on Do Kwon’s entryway after he lost millions in the LUNA and UST crash? Tell us in the remarks segment below.

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Kevin Helms

An understudy of Austrian Economics, Kevin tracked down Bitcoin in 2011 and has been an evangelist from that point onward. His inclinations lie in Bitcoin security, open-source frameworks, network impacts and the crossing point among financial matters and cryptography.

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Disclaimer: This article is for educational purposes as it were. It’s anything but an immediate deal or sales of a proposal to trade, or a suggestion or support of any items, administrations, or organizations. doesn’t give speculation, charge, legitimate, or bookkeeping guidance. Neither the organization nor the writer is capable, straightforwardly or in a roundabout way, for any harm or misfortune caused or asserted to be brought about by or regarding the utilization of or dependence on any satisfied, labor and products referenced in this article.

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