The investor highlighted that he lost that amount for having invested in the Terra ecosystem coins and urged the founder of the project, Do Kwon, to give a public apology for the more than 200,000 investors who went through this nightmarish situation.
The crash of Terra left a panorama filled with significant losses for many investors who saw in this investment a sea of opportunities; what happened led many investors to express their frustration in different ways. Recently, an investor who fell victim to this crash personally appeared at the house of the founder of the project to make him explain what happened.
Affected Investor Went to the Founder of Terra’s Property
This information got highlighted by a report issued by the Seoul officials, which presented that one of the individuals who tried to break into Do Kwon’s house was an investor who got harmed by the crash of the Terra system. The man expressed that he lost at least 3 billion won, which is approximately USD 2.3 million, and that he intended to share direct words with Kwon to receive an explanation about what happened with Terra.
The report also highlights that the person whose name got kept secret appeared at the complex based in the eastern part of Seoul last week, even going to ring the bell of the Kwon’s property. The wife of the leader of Terra let the authorities know about the incident.
In an interrogative procedure yesterday, the investor disclosed his situation and why he decided to do what he did. He alleged that he manages a transmission channel through social media. In those digital groups, there were people who, as a result of concern, decided to speak about suicide, this action in response to the monetary losses due to what happened to Terra’s ecosystem.
The investor even urged Kwon to give a public apology to more than 200,000 investors who lost their savings due to the fall of UST and LUNA.
Many Victims after the Fall of Terra
Beyond the Korean investor who intended to break into Do Kwon’s home, many more got harmed by the situation. They shared their experiences through forums and social networks, highlighting their frustration about what happened to their investments.
Investors reveal their experiences after the crash of LUNA and UST
The fall of the Terra ecosystem came in light of the sudden decline that affected the LUNA and UST tokens. The latter was especially noteworthy given that it is a stable coin.
That coin lost the particular parity that it had to remain attached to the US dollar and crumbled down to lows near USD 0.09 per unit.
An atmosphere filled with uncertainty led to high sales volumes to reduce losses, which further made the price of both tokens decline in the main markets, with the project’s native currency losing more than 99% of its price.
Despite the crash, Kwon himself presented a strategy to recover the Terra ecosystem in which he proposed a total restart of the network. New tokens will get distributed among users affected after the crash, and a good part will remain treated as a reserve within the treasury.
By: Jenson Nuñez
