The investor revealed that he lost that amount because he had invested in the Earth, and invited the founder of the project, Do Kwon, to publicly apologize to the more than 200,000 investors who had catastrophic results.
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Undoubtedly, what happened with Earth resulted in significant losses for many investors who saw opportunities with UST and the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. MOON, but what happened has led several people to express their frustration in various ways. This is exactly what happened to an investor who was affected by what happened, who personally went to the home of the founder of the project to demand some kind of response.
Concerned investor broke into the home of the founder of Earth
This was revealed in a report published by the Seoul authorities in South Korea, which indicates that one of the people who tried to break into Do Kwon’s residence was an investor who was affected by the collapse of the Do Kwon ecosystem. Earth. The man claimed that he lost about 3 billion won (about $2.3 million), and that he intended to speak directly to Kwon to demand some kind of response.
The associated report said that the person in question, whose name has been kept secret to protect his identity, made an appearance at the apartment complex in the eastern part of Seoul last week, even ringing the doorbell of Kwon’s residence. It was the wife of the Earth who alerted the authorities, who arrived on the scene and arrested the invader.
In an interrogation today, the investor revealed his situation and the reasons why he decided to do what he did. In addition to his losses, he alleged that he runs a social media channel and that in that group there were people who, out of concern and helplessness, decided to take their own lives, this in response to the monetary losses that resulted from the fall of the coins associated with the ecosystem of Earth.
Among other disclosures, the investor called on Kwon to publicly apologize to the more than 200,000 investors who lost their savings in the fall of UST y LUNA.
Many affected after the fall of Earth
It is worth noting that beyond the Korean investor who tried to enter Do Kwon’s residence, there were many more affected, who shared their experiences through forums and social networks to express their discontent, indignation and uncertainty after what happened to the ecosystem of Do Kwon. Earth.
For those who do not know, and by way of summary, the fall of the ecosystem of Earth came in light of the steep drop that affected the tokens. LUNA y UST, The latter being especially noteworthy given that it is a stablecoin, which lost its characteristic parity with the US dollar and plummeted to a low of around USD $0.09 per unit.
The fears and uncertainty led to high volumes of selling to mitigate the losses, which further decreased the price of both tokens in the main markets, with the project’s native currency currency is a medium of exchange that defines value. losing more than 99% of its price.
Despite the collapse, Kwon himself presented a plan to restore the ecosystem of Earth in which he proposed a total restart of the network. New tokens will be issued to distribute to users and affected people after the crash, and a good portion will be kept in reserve in the treasury.
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Version by Angel Di Matteo / DiarioBitcoin
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