14 May, 2022

LUNA investors file a police complaint against Do Kwon

A Reddit user posted a picture of a police complaint that is made out against Terra’s founder Do Kwon. 

The police complaint was made in Singapore against Do Kwon on behalf of LUNA and UST investors.

According to the police complaint, over 1,000 Singaporeans had invested in LUNA and UST and that the latter was sold as a stablecoin.

Earlier, Do Kwon’s wife had asked for police protection after LUNA crashed by over 99%.

Terra founder today clarified on Twitter that he did not sell any LUNA or UST during the crisis or made profits in any other way.

LUNA investors have been angrily asking for Terra founder’s arrest on social media platforms since the cryptocurrency crashed. 

Currently, Terra founder is working on reviving UST’s peg.