Following the demise of the cryptocurrency terra (LUNA) and stablecoin terrausd, a cryptocurrency investor was apprehended on May 24 after knocking on Do Kwon’s home (UST). He lost $2.4 million and is being investigated by South Korean authorities. “I felt like I was going to die,” he said about losing his investments.
The failure of digital money land (LUNA) and stablecoin terrausd (UST) has wiped out a large number of investors. One investor wanted specific answers from Kwon Do-hyung (also known as Do Kwon), the CEO of Terraform Labs, the business behind the two digital currencies.
“Chancers,” a Korean web-based entertainment character, is a financial investor who streams on cryptography money related themes. In the LUNA and UST debacles, he lost roughly $2.4 million.
“I felt like I was going to die. I lost a lot of money in a short period of time. Around $2.4m of my cryptocurrency was wiped out.”
He was irritated by the lack of correspondence from Do Kwon after LUNA and UST were dropped. He then searched the internet for Kwon’s street address in Seoul.
Chancers said “I suffered a huge loss and wanted to talk to him directly.”
On May 12, the enraged financial investor returned to his hometown and knocked on Kwon’s door. He broadcast the incident on his channel, and about 100 people tuned in.
When the doorbell rang at Kwon’s condominium, his wife answered it and informed him that he was not present. His wife also called the South Korea police, but Chancers had already left by the time they arrived.
The next day, the financial backer learned that the cops were looking for him. He surrendered to the Seongdong Police Station in Seoul on May 13.
Chancers stressed, insisting: “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.”
“It’s so hard. I lost a lot of money and now I’m being investigated by the police. I originally served as a civil servant in Korea. But if I am convicted of this case, I may not be able to return to the civil service again.”
“In Korean culture, the problem itself is not important but rather the fact that it caused a scandal,” he explained. “I even had to apologize publicly as a sinner. I had no idea this would be so big. It’s very sad.”
The investigation was completed on Wednesday, and the case was handed to the prosecution with a recommendation that he be charged.
Do Kwon claims to have been in Singapore since late December. Despite this, he disbanded Terraform Labs Korea and closed the company’s Korean offices just days before LUNA and UST collapsed.
South Korean experts have dispatched a crisis investigation into the two coins’ collapse. Korean authorities requested that the Luna Foundation Guard’s assets be frozen this week.
 and stablecoin terrausd, a cryptocurrency investor was apprehended on May 24 after knocking on Do Kwon's home (UST).){kind=link}