The effects of the collapse that started earlier this month when the Terra USD (UST) lost its stability are still not over. South Korean authorities have summoned all Terraform Labs employees to court in order to conduct a detailed investigation.
After the collapse of the Terra network, its investors still could not get over the shock of the event, with the suggestion of Terraform CEO Do Kwon. Terra 2.0 to the market had been driven. After this incident, all Terraform Labs of the Seoul Southern District Attorney’s Office Securities and Financial Crimes Team summoned his employees to court is stated.
One of South Korea’s ruling party representative Yun Chang-Hyun, last week, Terra founder Do Kwon summoned to parliamentary session.
In addition, South Korean prosecutors began to examine whether Do Kwon manipulated the price on exchanges. Local cryptocurrency exchanges Coinone, Korbit and Gopax LUNA transactions 10 May when stopping on bithumb 11 May to history, If upbit oneMay 3′He continued the proceedings until now.
Terra 2.0’s new token, LUNA, started trading on many exchanges on May 29. Reaching $ 19.5 on the MEXC stock market, LUNA rose to $ 30 on the ByBit and Biture stock markets. However, at the time of writing, the new token around 6 dollars watching.