Suspect Who Broke Into Do Kwon’s Home Lost $2.3M in LUNA Crash

Following the aftermath of the Terra blockchain’s LUNA and UST collapse, reports surfaced that the Terraform Labs founder Do Kwon’s apartment was visited by an unknown person. The suspect’s identity, which is kept secret at the moment, apparently lost $2.3 million in LUNA tokens during the crash. LUNA’s Collapse Fueled Suicide? According to local media reports, the suspect broke into the apartment complex in the eastern part of Seoul a week ago and then proceeded to ring Kwon’s doorbell asking for the Terra founder. “I have lost about 2 to 3 billion won ($2.3 million),” the suspect told reporters after undergoing an investigation at Seongdong Police Station. The suspect, who runs an internet broadcasting channel, alleges many individuals have committed suicide as a result of Terra’s UST collapse. The investor also demanded that Kwon apologizes to the over 200,000 investors who had lost money. LUNA Wipes Out Billions Off Investor’s Wealth The prices of Terra’s UST and its sister currency LUNA crashed last week, bringing the whole crypto market down with them. LUNA gets wiped out 100 percent of its value at the time of writing, from its all-time high of $119 in April, costing investors losses of over billions of dollars. In just a week, LUNA went from being worth over $80 to literally worthless at $0.0001.The post Suspect Who Broke Into Do Kwon’s Home Lost $2.3M in LUNA Crash appeared first on Cryptoknowmics-Crypto News and Media Platform.