The wife of Terra co-founder Kwon Do-Hyung had an unexpected visit and sought protection as LUNA’s price collapsed to zero
Terra Co-founder Spouse Seeks Emergency Protection From The Police
According to South Korean business publication MoneyToday, the wife of Terraform Labs founder Kwon Do-Hyung filed a police report after an unknown person broke into her apartment and rang the doorbell in the evening.
The unexpected visitor asked if her husband was home and then left.
Kwon’s wife has now requested that a person be designated for emergency protection by the police.
According to the report, the controversial entrepreneur’s home address is known to unspecified investors in his cryptocurrency business.
Suicide hotline numbers were pinned to the Terra subreddit after the collapse of one of the most prominent cryptocurrency projects.
The community is filled with depressing posts about losing everything in an instant.
Suicide attempts related to the Terra crash are reportedly being reported across Seoul.
LUNA Is Now Trdaing At $0.00005
Terra’s native LUNA token has nearly collapsed to zero, currently trading at $0.00005. Just over a month ago, LUNA was trading at $119.18.
Despite the fact that the circulating supply of LUNA has now reached 6.5 billion tokens, the UST stablecoin has been rendered virtually worthless, trading at only $0.18.
Any hopes that its peg would eventually recover to the coveted $1 level have been dashed by the ongoing collapse.
Furthermore, the Terra network has been officially halted for the second time in less than 24 hours.
According to an announcement, validators are working on a plan to recreate it.
Meanwhile, Kwon, known for his abrasive and inflammatory tweets, has been unusually quiet over the last 24 hours.