Do Kwon Wants Protection as Unidentified Person Visits His House: Report

According to reports, the Seongdong Police is investigating a burglary at Terraform Labs Do Kwon’s Seoul apartment. This is all amid the drama in Terra ecosystem over the last week.

According to a complaint, an identifiable person called the doorbell around 6:23 pm. Kwon’s wife answered and the unidentified person demanded the founder before fleeing. It is not known if the unidentified individual was a LUNA investor. According to a police official,

“We will review any additional measures that are required during the investigation.

Kwon was subject to a lot of scrutiny and criticism following the collapse in Terra ecosystem’s flagship stablecoin UST, and its native token LUNA. This caused a major meltdown in the wider crypto market. Kwon has been subject to intense criticism for his online dismissal of critics as “poor”.

His coin is down 99.99% since last month’s high.https://t.co/0lA4JMczvQ pic.twitter.com/o6cnI1auYL

— unusual_whales (@unusual_whales), May 12, 2022

Terra validators stopped the blockchain for the second consecutive time while the dev team looked into avenues to “come to a plan to reconstitute” it. In an effort to help the network, GAM Holding AG, a Swiss asset manager, announced that Terraform Labs is now in negotiations. The legacy financial institution plans to support the stablecoin, invest approximately $2 billion – $3 billion to absorb the UST supply during the current saleoff.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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