30 May, 2022

Terra employees reveal Kwon was warned against LUNA and UST.

South Korean authorities are launching a full-scale investigation against Terra after LUNA and UST’s brutal collapse. 

According to local reports, authorities are investigating whether Terra CEO manipulated LUNA or UST prices. 

Terra employees who were recruited during the early phases of the project revealed Do Kwon ignored several warnings of the project’s collapse.

Kwon did not pay attention to any of the warnings and proceeded to launch the cryptocurrencies to the public.

According to the employees, there was a warning that the project could collapse at any time, but Do Kwon forced the coin to be launched.

Terra is currently working on compensating LUNA and UST holders by giving them the new cryptocurrency - LUNA 2.0.

Currently, the newly launched LUNA is changing hands at just above $6.