‘Father of Luna’ was visited by buyers after the ‘evening of mourning’ within the cryptocurrency market

In line with info from Chosun Ilbo newspaper, this investor misplaced about 1.56 million USD (greater than 36 billion VND) after the Luna depreciated. The person knocked on the door of Kwon’s condo at 6:23 pm (native time) and Kwon’s spouse opened the door. At this level, he requested, “Is your husband at residence?” then go away.

Earlier final week, Luna was priced at greater than 54 USD and is the 4th hottest cryptocurrency on the planet. However then it fell to $0.01 on Could 12. The coin was withdrawn from main exchanges like Binance and the operation of its blockchain was halted. By Could 13, Luna was nugatory.

In line with Chosun, the person who went to Kwon’s residence faces a break-in cost as a result of he entered the condo complicated by going by a niche within the constructing. Police have carried out an investigation of safety cameras across the space.

Whoever the intruder was, he wasn’t the one one irritated with Do Kwon and all the Luna group proper now. When TerraUSD, a stablecoin that maintains the worth of $1 by a fancy algorithm and prints pretend digital forex, turned “unpegged” to the greenback over the weekend, it introduced Luna into the ring. loss of life vortex on Tuesdays and Wednesdays. The domino impact then precipitated many different cryptocurrencies to drop in worth. That is thought-about the worst “massacre” within the historical past of cryptocurrency. Hundreds of thousands of {dollars} evaporated in only a few days.