The CEO of enterprise capital agency Hashed and early Terra investor Kim Search engine marketing-joon has cited “excessive stress” following the Terra crash as the rationale for his no-show at South Korea’s Nationwide Meeting’s Political Affairs Committee.
Search engine marketing-joon was one among six folks chosen to participate within the South Korean parliament’s newest inquiry to higher perceive the occasions that led to the notorious $40 billion wipe out of Terra’s cryptocurrencies, according to an Oct. 24 article from the Korea Financial Day by day.
Based on a letter from Search engine marketing-joon, he suffered extreme psychological hurt from the next the sudden collapse of LUNC and the de-pegging of its related algorithmic stablecoin TerraUSD Basic (USTC), writing:
“For the reason that Luna-Terra crash occurred, I’ve been affected by anxiousness dysfunction and panic dysfunction attributable to excessive psychological stress.”
Along with the letter submitted to the Nationwide Meeting, Search engine marketing-joon hooked up an professional opinion and medical certificates which acknowledged that he’d been hospitalized and acquired psychiatrist therapy since Jul. 29.
Medicine and counseling therapy had been additionally mentioned to have worsened Search engine marketing-joon’s anxiousness, who’s “in absolute want of emotional stability at the moment,” in line with the professional opinion.
Just a few months after the notorious Luna Basic (LUNC) collapse, Search engine marketing-joon disclosed that Hashed had suffered a $3.6 billion loss from its peak worth in late April, having owned 30 million LUNC tokens, according to an August interview with Bloomberg.
Earlier this month, the chairman of the South Korean alternate Bithumb, Lee Jung-hoon, additionally did not attend the parliamentary listening to on Oct. 6, citing a panic dysfunction as the rationale for his no-show.
Associated: South Korean authorities raid 15 entities linked to Terra collapse
Different witnesses referred to as in numerous levels of the inquiry embrace Bithumb main shareholder Kang Jong-hyun, CEO of Dunamu which runs South Korea’s largest crypto alternate UpBit Lee Seok-woo, Chai Holdco director Shin Hyun-sung and Terraform Labs co-founder Daniel Shin.
Terra CEO and co-founder Do Kwon was not listed to be inquired by Korea’s Political Affairs Committee — as regulation enforcement items all through the globe proceed to strive monitoring his whereabouts.