After losing $2.4 million in the Terra Crash, a LUNA investor was arrested for knocking on Do Kwon’s door.
A crypto investor was imprisoned after knocking on Do Kwon’s door following the crash of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost $2.4 million and is now the subject of a South Korean investigation. “I felt like I was going to die” when he lost his riches, he alleged. The collapse of cryptocurrency terra (LUNA) and stablecoin terrausd has wiped out a large number of investors (UST). One investor called Kwon Do-Hyung (aka Do Kwon), the CEO of Terraform Labs, the business behind the two cryptocurrencies, seeking clear answers. The investor, known online as “Chancers,” is a Korean social media celebrity who hosts bitcoin live broadcasts. He lost around 3 million dollars in the LUNA and UST crashes.
He expressed his dissatisfaction with Do Kwon’s lack of communication when LUNA and UST went into freefall. He then looked out Kwon’s address in Seoul on the internet. On May 12, the disgruntled investor drove across his hometown and knocked on Kwon’s house. He broadcasted the event live on his YouTube channel, with roughly 100 people tuning in. When the doorbell of Kwon’s condominium rang, his wife responded and stated her husband was not at home. She also contacted the cops, but when they came, Chancers had already fled the building. The next day, the investor learned that the police were hunting for him. On the morning of May 13, he surrendered to the Seongdong Police Station in Seoul. Chancers informed the news organization that he expected to face a fine as well as a criminal record, which might make life tough for him. The disintegration of the two coins has prompted South Korean officials to begin an emergency inquiry. The Luna Foundation Guard’s assets were frozen this week after Korean police ordered crypto exchanges to do so.
Read more: Terra (LUNA) 2.0 relaunches in accordance with Do Kwon’s revitalization strategy
