After reaching ATH Terra LUNA on April 9, 2022 $119, South Korea, he admitted that he had lost up to 3 billion or US$2,356,860. Many of Terra LUNA's investors who have lost big,
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LUNA Destroyed
- Thread starter Suba
- Start date
Luna isn't destroyed because the price will grow up again and again and be back we do not say 119 $ but even 5 $ or 10 $ by the end of the year, so what was destroyed can be recovered.
I think that this is a biggest fall in the history of cryptocurrency Markets because I've never seen the cryptocurrency crash with such degree.
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It's probably the worst crash ever in cryptocurrency history. I think the developers knew about the problem earlier, but they were hoping they could solve it. I do t think it's intentional to let the project crash.
Phavik
Acquaintance
After plummeting, Terra LUNA wiped out almost the entire wealth of investors in only a few hours.
LUNA has turned out to be a Ponzi scheme. The creator of LUNA has absconded.
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I thought he was caught and facing trial. Absconding is really not the solution because he is going to be arrested again. He needs to explain what really transpired in the crash of the Luna project.
Do Kwon, the creator of LUNA and the CEO of Terraform Labs went into hiding when LUNA crashed.
His actions truly depicted that the crash was a calculated effort . I was wondering why he was unable to pay the users liquidating their assets.
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That's because he moved the money to his personal account and ran away. The crash was a calculated effort.
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