JAKARTA – The wife of the founder of Terraform Labs Kwon Do-hyung (Do Kwon) reportedly reported to the police to seek protection. This is due to the fall of Terra LUNA tokens to more than 99 percent.
A report by South Korean business media MoneyToday said Do Kwon's wife came forward after an unknown person broke into her apartment building and rang the bell at night.
The unexpected guest asks if Do Kwon is home, then just leaves.
According to U.Today, the controversial entrepreneur's home address is known to an unknown investor in his cryptocurrency business, according to the report. After the collapse of Terra, a suicide hotline number was pinned to a subreddit dedicated to one of the most prominent cryptocurrency projects.
In addition, the LUNA community is also filled with sad posts about losing everything overnight. The warning was reportedly issued throughout the city of Seoul to report any suicide attempts as a result of the Terra LUNA crash.
According to data from Coinmarketcap, the price of Terra LUNA's native token has fallen to IDR 0.4. Meanwhile, more than a month ago, this cryptocurrency was around IDR 1.7 million.
Despite the fact that the current supply of Terra LUNA has swelled to 6.5 billion tokens. The UST stablecoin is almost worthless, now priced at 0.18 US dollars.
The Terra LUNA network has also been shut down twice in just 24 hours. The validator is working on plans to reorganize it, according to an announcement.
In addition, Do Kwon, who has been known for his abusive and inciting tweets, has become very quiet in recent days.
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