Terra CEO Do Kwon’s wife sought police protection after claiming that an unidentified person had entered the apartment in South Korea. Meanwhile, while delist news continues to come from various exchanges, transactions on the network are once again suspended. Here are the details…
Transactions halted again on Terra network, exchanges continue to delist
With native token LUNA and stablecoin UST in free fall, Terra says it has stopped its Blockchain for the second time in 24 hours. In a tweet, Terra said that the blockchain “officially stops at block 7607789.” The announcement said, “Terra has stopped validators to come up with a plan to reconfigure the network. More updates are coming,” he continued. Blockchain was first paused on May 12 for fears that it had become vulnerable to attacks. The developers at Terra later announced that block production has resumed even though staking has been disabled.
Meanwhile, crypto currency exchanges delisting LUNA seem to be Binance, eToro, Bybit and Crypto.com for now. As we reported on Kriptokoin.com, the crisis in Terra was triggered by the departure of its algorithmic stablecoin, UST, from the US dollar. Despite frantic efforts to restore the UST by issuing massive volumes of LUNA, it has not been fixed. The circulating supply of Luna (LUNA) surpassed 25 billion on May 12 as Terraform Labs CEO Do Kwon and others sought to ease the UST selling pressure.
Do Kwon’s wife seeks police protection
Meanwhile, media reports indicate that Do Kwon’s wife was policed after an unidentified person claimed to have entered their apartment in South Korea. asked for protection. Police in Seoul’s Seongdong-gu district said on Thursday evening that Kwon’s wife sought immediate protection after the incident. He was then given security.
Kwon’s wife alleged that an unidentified person entered the apartment complex in Seongsu-dong after waiting for a resident to open the door. The person then rang the bell and knocked on the door of Kwon’s house. After opening the door, the person reportedly asked if Kwon was available and Kwon left when his wife replied in the negative.
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