Terra (LUNA) Investigation Officially Launched: One Man's Perseverance May Have Been Caused Hundreds of Billions of Dollars in Damage!
There has been a new development in the Terra (LUNA) crisis, which has an earthquake effect in the crypto money markets . According to the information shared by South Korean news sources, some employees of Terraform Labs, the founder of the cryptocurrency, were called to the authorities in the country for their statements, and the LUNA investigation officially started . It seems that South Korean prosecutors will not give up on this and will reveal what happened in the background.
According to the news in JTBC News, Terraform Labs employees have accused the head of the team, Do Kwon, in their statement. Because in the statements given, it is stated that Kwon was warned about the collapse before LUNA was even launched, but the CEO did not listen to anyone and gave instructions to implement the LUNA/UST project. This stubbornness has caused billions of dollars of damage in the crypto money markets.
Do Kwon will also be questioned
According to the information obtained, South Korean prosecutors will open a special investigation against Do Kwon, the number one name of the project . Within the scope of this investigation, it will be examined whether there is manipulation in prices. In addition, it is stated that it will be investigated whether both LUNA and UST are suitable for stock exchange listings . The investigation could host important developments for investors who have taken a loss.
To be frank, LUNA and UST have hurt a lot of people. Confidence in the markets has also decreased due to the drop in the algorithmic stablecoin UST . There will be those who remember; UST, whose normal price was supposed to be 1 dollar, decreased to 0.01 dollars, although it had a very serious popularity. LUNA, on the other hand, reached the level of $ 116 a few months ago, and is now trading at $ 0.000143 ...