The CEO of enterprise capital agency Hashed and early Terra investor Kim Web optimization-joon has cited “excessive stress” following the Terra crash as the explanation for his no-show at South Korea’s Nationwide Meeting’s Political Affairs Committee.
Web optimization-joon was certainly one of six individuals chosen to participate within the South Korean parliament’s newest inquiry to raised 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 Each day.
In line with a letter from Web optimization-joon, he suffered extreme psychological hurt from the next the sudden collapse of LUNC and the de-pegging of its related algorithmic stablecoin TerraUSD Traditional (USTC), writing:
“Because the Luna-Terra crash occurred, I’ve been affected by anxiousness dysfunction and panic dysfunction as a consequence of excessive psychological stress.”
Along with the letter submitted to the Nationwide Meeting, Web optimization-joon connected an professional opinion and medical certificates which said that he’d been hospitalized and obtained psychiatrist remedy since Jul. 29.
Medicine and counseling remedy have been additionally mentioned to have worsened Web optimization-joon’s anxiousness, who’s “in absolute want of emotional stability presently,” based on the professional opinion.
A couple of months after the notorious Luna Traditional (LUNC) collapse, Web optimization-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 change Bithumb, Lee Jung-hoon, additionally did not attend the parliamentary listening to on Oct. 6, citing a panic dysfunction as the explanation for his no-show.
Associated: South Korean authorities raid 15 entities linked to Terra collapse
Different witnesses known as in numerous levels of the inquiry embrace Bithumb main shareholder Kang Jong-hyun, CEO of Dunamu which runs South Korea’s largest crypto change 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 models all through the globe proceed to attempt monitoring his whereabouts.