The collapse of the cryptocurrency Luna and the algorithmic stablecoin terraUSD has made Luna founder Do Kwon the most hated person in South Korea . Prosecutors in South Korea launched an investigation into Do Kwon’s Terraform Labs last week, following complaints from investors that lost a lot of money. A $2.4 million cryptocurrency anchor Chancers has been arrested after running to his home to knock on the door in a stand-off because his actions were illegal under South Korean law. Chancers started investing in cryptocurrencies in 2017 and made a fortune from the rise in the value of bitcoin, etc., but he invested $800,000 in Terra Luna at the worst possible time. Terra Luna lost 99% of its value in just 48 hours and is now worthless. After losing a huge fortune, the Chancers want to confront Do Kwon directly and ask him what future plans he has for Luna. He didn’t see Do Kwon, only his wife, and the police came.
This article is reprinted from: https://www.solidot.org/story?sid=71633
This site is for inclusion only, and the copyright belongs to the original author.