The earthquake effect on the cryptocurrency markets terrace There is a new development in the (LUNA) crisis. According to information shared by South Korean news sources, some employees of Terraform Labs, the founder of the cryptocurrency, have been subpoenaed by authorities in the country for their statements. LUNA research officially started† It seems that the South Korean prosecutors will not give up and will reveal what happened in the background.

According to the news in JTBC News Terraform Labs employees have accused Do Kwon, who is the head of the team, in their statements. Because, in the statements given, Kwon’s statement was even before LUNA was released. warned of collapse however, it is stated that the CEO did not listen to anyone and gave instructions to carry out the LUNA/UST project. This stubbornness is in the cryptocurrency markets. billions of dollars caused damage.

Do Kwon will also be questioned

According to the information obtained, South Korean prosecutors are targeting Do Kwon, the number one name of the project. they will open a private investigation† In the context of this investigation, it will be examined whether there is price manipulation. However, both the LUNA and UST . stock exchange listings whether they are suitable is also being investigated. The research could provide important developments for investors who have suffered losses.

To be honest, LUNA and UST hurt a lot of people. Partly due to the decline of the algorithmic stable currency UST. Confidence in the markets also declined.† There will be those who remember; UST, whose normal price was supposed to be $1, fell to $0.01 although it had some very serious popularity. LUNA a few months ago While it has reached the USD 116 levels, it is now USD 0.000143. acts…