South Korean authorities could reportedly summon Terra's co-founder - Do Kwon - following the UST and LUNA fiasco.
Terra’s Do Kwon Could be Summoned to Testify to Korean Authorities on UST-LUNA Fiasco South Korean authorities could reportedly summon Terra’s co-founder – Do Kwon – following the UST and LUNA fiasco.
Do Kwon, perhaps the most notorious name in the cryptocurrency industry in the past few weeks, might have to appear in front of the South Korean government in a hearing on the UST crash., Yun Chang-hyun, a rep from the nation’s ruling People Power Party, has requested a parliamentary hearing on everything that transpired with TerraUSD , its collapse, and the actions undertaken by some of the largest local crypto exchanges.
The South Korean politician outlined the damage this deterioration caused to local investors and wanted Do Kwon to appear in front of the country’s parliament. At the same time, Kwon is trying to find a solution, with his latestHowever, Chang-hyun also touched upon the role that the nation’s largest crypto exchanges played, asserting that Coinone and Korbit halted UST trading on May 10, Bithumb on May 11, but Upbit didn’t follow suit for two more days.
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