The man who allegedly endeavor to give avisit the headland honchoof the Terra blockchain May 13 finally talk out Tuesday , telling reporter the collapse of Terra and Luna left him financially devastated , and that he wanted to get a line straight from Terra ’s boss what the human beings ’s plan were for the cryptocurrencies .
TheBBCreported that the crypto streamer who only run by the username “ Chancers ” said that after the crash “ I mat up like I was go to pall . ” Chancers , whose face was concealed by a mask , lid and sunglasses as he let the cat out of the bag to reporters , claim he had start out invest in crypto in 2017 , but suffer $ 2.4 million in Luna coin when the cryptocurrency started tocrashthe weekend of May 8 . This was despite the nonprofit Luna Foundation Guard propping up the platformwith billions of dollars in bitcoin , and now both Terra and Luna are worthless than dirt . The streamer claimed he searched online for Kwon ’s Seoul name and address then go there “ to take him about his plan for Luna . I suffered a vast departure and wanted to talk to him straight off . ”
Chancers pour his planned interaction with Kwon to 100 people on his channel on the South Korea - base AfreecaTV cyclosis web site , allot to the BBC . When he pink on Kwon ’s door around 6:23 p.m. local time , alternatively of Terra founder come to the door , Kwon ’s wife answer rather and told the streamer her husband was out . Korean newsworthiness siteThe Chosun Ilboreported that day that the married woman called police to require for protection . The banner said he cede himself to law enforcement , and Ilbo reported the man was charged with house trespassing .
Photo: Hasbi Sahin (Shutterstock)
The banner further told newsman that he now deal Terra Luna coins a “ scam ” and said crypto political boss are set about forth without answerableness for their failed projects . South Korean prosecutor said last Friday they hadlaunched a sham investigationinto Kwon .
TheFinancial Timesreported Monday that some of Terra ’s South Korean backers lose millions during the cryptocurrency ’s fall , when the Terra stablecoin became depegged from the U.S. dollar sign , make a monolithic selloff that led both it and its sister coin Luna to crash . Some small - sentence individual investor told the Times they fall back their entire spirit savings . An unnamed close fellow worker of Kwon told FT reporters investors were “ mesmerized ” by Terra ’s algorithmic - based stablecoin infrastructure , but that the development was unsustainable .
Kwon has often shot back at critics who doubted the stableness of his coin , including once in July 2021 when he told an economic science writer “ I do n’t debate the poor . ” After days of trying to prop up Luna , Kwontweetedto his following May 13 “ I am heartbroken about the botheration my invention has brought on all of you , ” adding that he nor any of his attached institutions profited from Luna ’s collapse .
Kwon is now advertising arevival of Luna , this meter without the algorithmic stablecoin . A interpreter for Terraform Labs told Gizmodo yesterday that “ Terraform Labs — both as an entity and as a team — have stay on fully operational and firmly attached to carry out the project ’s delegation from day one , ” and they are now focalise on institute back the terra ecosystem .
Though Kwon promised to airdrop Luna 2.0 coins into current TerraUST holders answer for ’s Terra ’s reckon second probability does n’t mean much to those who already lost gazillion . Chancers told reporter he was “ in the top 1 % in term of my finances ” before the collapse , and because of his undertake showdown with Kwon , will front a fine and potentially have a vicious track record . The streamer added that he had previously worked as a civil servant but if he ’s convicted he would n’t be capable to return to that type of body of work .
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