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When Luna collapsed, Do Kown's wife became a target of terror from the party who was disadvantaged

    When the founder of terra luna do kwon was trying to save his coins, it was reported that the wife of a do kwon was affected and many terrorized him, and at this time, the wife of do kwon is asking for more protection from the police because on Friday 13 May 2022 South Korean media outlet MoneyToday writes an unidentified person broke into his apartment building, rang the doorbell to ask if Kwon was home, before leaving the premises after he said he wasn't.


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    For now do kwon's family is being threatened because of the fall in the price of luna through the price of zero.

why did the price of luna drop drastically more than other coins during bearish times?




    This is because an irregularity in the selling price of UST which has decreased from the dollar price has made the support for UST aka Luna being used as a supply for stable coins that are away from the dollar price.
because of this incident, many people who decided to commit suicide because their assets that they invested in the terra blockchain were sold out due to a very drastic decline in the price of luna and almost 100 percent of its decline within one week from yesterday.
    Kwon, who developed a reputation for belittling and attacking critics of his project, has now been likened to Elizabeth Holmes, found guilty of fraud for her Theranos scam.


    Just like the real karma when Do Kwon used to attack and criticize Dai Coin due to a market downturn, now he's even caught in a fraud case because his stable coin was destroyed. Instead of where to burn Luna coins so that Luna prices can stabilize again, he actually increases the supply of coins that were previously circulating 386 million up to 6.5 trillion according to terrascope (terra network detector), with the token trading at levels virtually near zero after hitting an all-time high of $119 just last month..


    With the supply of Luna ballooning into Zimbabwe levels of hyperinflation, major global crypto exchange Binance delisted Luna on Friday in what some are now calling the “Luna Brothers moment” in a reference to the 2008 collapse of the Wall Street investment bank Lehman Brothers.


    The move sparked speculation that BlackRock and Citadel could be behind it, and prompted crypto exchange Gemini to deny speculation it had played any role in an attack on the peg.

    Citadel's spokesperson contacted Fortune and denied in the case, that Citadel did not participate in trading any stable coins including terra ust.


    Ran Neuner, a South Africa–based crypto YouTuber, told Bitcoin influencer Layah Heilpern he was dealing with the consequences of being “absolutely irresponsibly long” in Luna. 


    He argued the collapse of a tier 1 coin on par with an Ether or Ripple XRP—valued at $20 billion and supporting a broader $60 billion ecosystem built on top—was unprecedented and would drag out the bear market in digital assets for much longer.

“There has never been an event in crypto where $80 billion was wiped out of the market, never,” he told her in a webcast. “A lot of people lost a lot of money on Luna…and these are crypto believers.” 

    Following a plan laid out by Kwon on Wednesday, his Terraform Labs company has tried to resume normal function on the blockchain network on Thursday, only to later abort the attempt after just 4,089 new blocks were added to its chain.


SOURCE : Fortune.com