Crypto investor probed over allegedly visiting house of Terraform's CEO
By Kim Han-joo
SEOUL, May 16 (Yonhap) -- A crypto investor accused of ringing the doorbell of the house of Do Kwon, co-founder and CEO of Terraform Labs, underwent a police investigation in Seoul on Monday.
The suspect, whose identity has been withheld, allegedly entered the apartment complex in eastern Seoul and then rang the doorbell to look for Kwon, while his wife was at home.
Kwon is at the center of a massive collapse of the Terra cryptocurrency and its digital coin counterpart, Luna. A month after reaching a record-high of US$119, the price of Luna now trades at near zero, while that of Terra trades at around 20 cents.
"I have lost about 2 to 3 billion won (US$2.3 million)," he told reporters after undergoing an investigation at Seongdong Police Station, urging Kwon to take responsibility for the recent meltdown.
The investor further urged Kwon to apologize to over 200,000 investors who have lost savings.
Following his visit, Kwon's spouse requested protection from the police, officers said.
Kwon earlier said in his blog post that Terraform Labs is working on ways to keep its Terra blockchain and ecosystem going despite the collapse of its cryptocurrency.
https://youtu.be/yu_NxPZn7a4

A crypto investor accused of ringing the doorbell of the house of Do Kwon, co-founder and CEO of Terraform Labs, enters Seongdong Police Station in Seoul on May, 16 2022. (Yonhap)
khj@yna.co.kr
(END)
-
BTS' Jimin to pre-release track on his first solo album
-
U.S. B-1B strategic bomber returns to S. Korea as N.K. fires missile
-
(LEAD) BTS' J-Hope ranks No. 60 on Billboard Hot 100 with 'on the street'
-
(URGENT) N. Korean leader Kim Jong-un calls for completing readiness for nuclear attack against enemies: KCNA
-
Leaders of ruling, main opposition parties agree to cooperate on livelihood issues
-
Defense ministry sets out to normalize military intelligence-sharing deal with Japan
-
(LEAD) S. Korea to set up world's No. 1 semiconductor cluster in Seoul metropolitan area
-
BTS' Jimin to pre-release track on his first solo album
-
Opposition party denounces Yoon-Kishida summit as 'shameful submission to Japan'
-
(LEAD) Political divide intensifies in S. Korea over Yoon-Kishida summit
-
Major N. Korean websites offline as of Tuesday morning
-
(LEAD) S. Korea fully restores bilateral military information-sharing pact with Japan
-
American admits to train graffiti-related charges but calls himself artist
-
Actor Yoo Ah-in to appear for questioning Friday over alleged drug use
-
Apple launches Apple Pay in S. Korea