- A person on Reddit claims that he has filed a police report on behalf of 1,000 Singaporeans towards Terra’s Do Kwon and the LUNA challenge
- The police report states that the involved citizen misplaced cash in ‘the Luna Cryptocurrency rip-off’
- Earlier right this moment, Do Kwon had clarified through Twitter that he didn’t promote any LUNA or UST throughout the disaster
- He additionally mentioned that he was heartbroken that his invention prompted a lot ache
A person on the favored social media platform of Reddit has claimed that he has filed a Police Report with Singaporean authorities towards Terra’s Do Kwon. The group at WuBlockchain highlighted the police report towards Do Kwon via the next Tweet.
A person on reddit claimed to have despatched a police report have been made towards Do Kwon, on behalf of UST and Luna buyers. He mentioned at the very least 1,000 Singapore residents have invested in Luna and UST. https://t.co/eIQ9AGul4T https://t.co/YzPf8iWHI7
— Wu Blockchain (@WuBlockchain) Could 14, 2022
Over 1,000 Singaporeans Misplaced Cash By LUNA and UST
The report by the Reddit person goes on to state that he was a involved citizen who misplaced cash within the ‘Luna Cryptocurrency Rip-off.’ Moreover, he made the police grievance to hunt justice on behalf of those that misplaced cash.
He estimated that over 1,000 Singaporeans had invested in LUNA and UST and that the latter was offered as a stablecoin. The filed police report went on to conclude that Do Kwon continues to be a billionaire and a plan to refund affected buyers, ought to embrace freezing his belongings within the nation. A screenshot of the police report will be discovered beneath.
Reddit Neighborhood’s Response to the Police Report Towards LUNA and Do Kwon
The publish on Reddit concerning a police report towards Do Kwon has elicited a number of responses on the platform. Beneath is a pattern of the responses from a number of neighborhood members.
coping with crypto is excessive danger. the police gained’t get your cash neither will they do something to Do Kwon – by kyuno
I’m vested in crypto however yeah, that is foolish. When instances are good the cult like crypto fanbois smugly shit on fiat and brag how good decentralised and unregulated forex is. Now they’re crying for assist. Lmao. – by sukeguto
The cash is gone gone. Now KO’d doesn’t have any cash to refund. The terra-luna ecosystem algorithmically printed itself into worthlessness on account of a elementary flaw in how the terra-luna ecosystem works. Each investor ought to have recognized this could they’ve learn the audits that was accomplished on it and realised there was this flaw acknowledged in it. – by tatabusa
Do Kwon Had Earlier Expressed being Heartbroken Concerning the Sequence of Occasions
Information of a doable police report back to Singaporean authorities towards Do Kwon comes lower than a day after the founding father of Terra (LUNA) posted on Twitter that he felt ‘heartbroken concerning the ache [his invention had] introduced’ on everybody. Mr. Kwon had additionally acknowledged that he didn’t promote any of his LUNA or UST throughout the depegging disaster and subsequent inflation of LUNA.
Nonetheless, his act of contrition could be the genesis of potential lawsuits, as defined by Timothy Peterson of Cane Island Various Buyers via the next Tweet.
An legal professional’s moist dream of an acknowledgment of legal responsibility. Let the lawsuits start! pic.twitter.com/VjQZFYAafQ
— Timothy Peterson (@nsquaredmacro) Could 13, 2022