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

Reports have revealed that Terraform Labs founder Do Kwon’s apartment was visited by unidentified individuals after the Terra blockchain tokens LUNA and UST depreciated significantly. Do Kwon’s spouse appealed to the Seoul Seongdong police for protection after unidentified people broke into the apartment building and rang the doorbell to ask questions.

Unidentified people break into Do Kwon’s apartment building to find Terra Founder’s whereabouts, Kwon’s spouse asks police for help

Not so long ago, on May 1, 2022, the Terra blockchain token LUNA was the eighth-largest market cap among more than 13,000 cryptocurrencies in existence. The market capitalization of LUNA on the day is $28.3 billion terrausd (UST) two locations below LUNA, $18.5 billion market valuation. By May 1, 2022, the combined market capitalization of these two cryptocurrencies was about $46.8 billion, and today, about 91% of that value Disappeared.

At the time of writing, the combined market capitalization of UST and LUNA equates to $3.9 billion. Terra’s fallout has caused a lot of pain among investors at UST and LUNA, and many are very upset about how the situation has been handled. Some investors lost their life savings and their children’s college funds, while others managed to get away with forgiving losses.Social media and forums are flooded with scary story Someone who has been severely depressed and lost funds due to the situation in Terra.

Now, a few days after the original UST unhooking incident, reports have emerged that an unidentified person visited Do Kwon’s apartment building and rang the doorbell to question the Terra founder.a local Report Explaining that Dao-kwon’s spouse is at home, she asks the Seongdong police to designate an officer for emergency protection.Encrypted publications Refuse Also spoke to the police in Seongdong-gu, Seoul, which confirmed the story.

The police report states that an unidentified person rang the doorbell and Kwon’s spouse answered the call. “Is your husband in the apartment?” said the unknown person. While the value of the Terra blockchain token declined, Do Kwon’s home was “exposed to unspecified investors,” the report said. Chengdong police also noted that they are further investigating the situation and “plan to review what additional measures”.

tags in this story

apartment, do right, implosion, intruder, right spouse, police, police protection, Chengdong Police, Seoul, South Korea, Earth (Moon), founder of the earth, Truss (UST), unidentified person, accidental access, unknown person

What do you think of the unidentified people who went to Do Kwon’s home and his spouse to ask for police protection after the Terra blockchain implosion? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News for Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

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