It can be called the version of Lehman Brothers in encrypted currency. Although the LUNA coin crash has the most victims in South Korea, the Internet has no borders. After all, LUNA coin was once one of the top ten popular cryptocurrencies, and there are still netizens from other countries who have been victimized. Now Suspected disasters were also reported in Taiwan.
According to a report by the Free Times, on the 24th, a mansion in Taichung City’s Phase 7 rezoning area frequently fell from a building. The deceased was a 29-year-old man surnamed Wu. I have previously expressed to my relatives and friends that my investment has failed and I am depressed. In the domestic virtual currency circle, it was reported that Wu Nan suspected about 2 million US dollars (nearly 60 million Taiwan dollars) to invest in Luna coins, but he lost 1,000 US dollars (about 29,000 Taiwan dollars) left.
Pending further investigation by the police, it is not yet possible to confirm whether the deceased actually fell from the building because of a failure to invest in LUNA coins.
UST and Luna crashed in mid-May, and the market value fell by more than 99%. Before the crash, there was still $60 of Luna, and now there is only $0.000199. The industry estimates that UST and Luna coin users lost a combined $42 billion in a single week.
According to South Korean media reports, the Seoul Prosecutor’s Office’s Financial Securities Crime Joint Investigation Team has begun an investigation into the collapse of cryptocurrencies such as Terra USD (UST) and Luna, including Terraform Labs, which built the Terra blockchain project, and Do Kwon, co-founder and CEO of Terraform Labs.