A crypto influencer got arrested after visiting Terra Founder’s Do Kwon apartment and he identified as a streamer known as “Chancers” who lost $2.4 million in the LUNA crash so let’s have a closer look at today’s latest cryptocurrency news.
The unknown person visiting the Terraform Labs founder was identified and later arrested. As per the reports, the crypto influencer under the name “Chancers” was very desperate and knocked on Do Kwon’s door earlier this month. The social media personality made a fortune after he got into the crypto space in 2017. He invested $800,000 in LUNA after the latest crash he lost $2.4 million and was quoted saying:
“I felt like I was going to die. I lost a lot of money in a short period of time. Around $2.4m (£1.9m) of my cryptocurrency was wiped out. Here in Korea, I was in the top 1% in terms of my finances. But thanks to the crash, I’m now in trouble.”
The South Korean law enforcement officials tried to identify the person who came to Kwon’s apartment and asked his wife about his whereabouts on May 12. The media reports started circulating revealing the police were looking for him after Kwon’s wife urged for protective custody. The next day, Chancers surrendered himself at the Seoul police station. The streamer revealed visiting Kwon’s apartment and live-streamed an episode to nearly 100 people via the streaming platform.
The LUNA downfall became a nightmare for crypto investors and this is among the latest examples of what people can do when they become desperate. The founder is infamous for being rude and self-assured and was slapped with lawsuits and multi-million dollar fines.
As recently reported, The recent Terra revival plan by Do Kwon, got some mixed reactions as most questioned the effectiveness of the hard fork in reviving the falling prices of LUNA and UST tokens. The part of community recommended burning LUNA tokens as the best way to achieve a comeback. Kwon’s proposal to preserve Terra’s ecosystem involves a hard fork of the existing terra blockchain without the algorithmic stablecoin and the redistribution of the new version of the LUNA tokens to investors based on historical data.
A lot has been happening recently with Terra and the crypto project after the failure of the two native digital assets in the past two weeks. One of them included owing $78 million in taxes to the South Korean government but Do Kwon claims Terraform Labs paid the taxes in full.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]