According to the news of Korea-based news platform Money Today, Terraform Labs CEO Kwon Do-hyung demanded immediate protection from the police because of the person who came to his house and “disturbed” his family.
In the crisis experienced after Terra’s UST, which should have been equal to 1 dollar, fell below 1 dollar, the LUNA supply was increased and the UST price was increased by the team. Tried to raise it to $1. However, after this policy, the price of LUNA decreased rapidly. 0.01 After the LUNA price regressed to the dollar levels, the network was stopped and reactivated with the update. In the past hours 40 billion LUNA supply available to 7 trillion increased and the price approached zero.
LUNA Price Reached Zero, Delist Arrived from Binance
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After the events, according to the news of the Korean news platform Money Today, Terraform CEO is due to the person visiting his house. He asked the police for help. News source according to the shares on social media Korea’s largest financial news platform expressed as.
In the news, an unknown person went to the house of the CEO of Terra and knocked on his door and asked his wife, “Is your husband at home?” He was reported to have fled after asking. It is unknown whether the visitor was a LUNA investor, and police are said to continue to investigate the process.
Terra network stopped for the second time
The Terra network was stopped in order to protect itself from attacks and to improve the process. After the release of a new update and the cancellation of the delegation processes, the network was reactivated. But then, as the LUNA price approached zero and the supply rose to trillions, the network stopped for the second time and it will be activated again after a while.
