There was a new development in the Terra (LUNA) crisis, which caused an earthquake 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 Do Kwon, the head of the team, in their statements. 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 in losses in the crypto money markets.
Do Kwon’s statement will also be taken
According to the information received, 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 honest, LUNA and UST hurt a lot of people. In addition, confidence in the markets has also decreased due to the decline in the algorithmic stable coin 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 levels of $ 116 a few months ago, and is now trading at $ 0.000143…
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