"Korean version of musk" or "liar Holmes" (the protagonist of Silicon Valley Business scam once known as "female version of jobs") Yonhap reported that due to the sharp decline of South Korea's virtual currency Luna currency and stable currency "terraus" (UST currency) (from the highest single currency price of US $119.5 to less than US $0.0002), the global virtual currency market has been greatly impacted, and its issuer quanduheng has attracted much attention**
It is reported that Quan duheng, 30, is a young entrepreneur with a gorgeous resume. After graduating from a foreign language high school, Quan duheng went to Stanford University to specialize in Computer Engineering and once served as Apple And engineers from Microsoft co founded terraform labs in 2018. As Luna coin and ust coin once jumped to the top of the total market value of virtual currency, Quan duheng also made a fortune and became the darling of the virtual currency industry. Because it is similar to musk who likes to use twitter (his twitter account has nearly one million fans), Quandu Heng is called "Korean musk" for this reason.
However, South Korea's Asia Daily said that the UST currency had been irreversibly decoupled from the US dollar price since the 12th of this month. Within a week, Luna currency hit the largest decline record in the virtual currency market, with a decline of 99.99%. Affected by this, bitcoin fell by more than 20%, and some small virtual currencies fell by more than 50%. As a result, quanduheng stepped down from the altar. Yonhap mentioned that there have been many disputes since the company was founded. It was previously pointed out that the trading algorithm of Luna currency and ust currency is a "Ponzi scheme". The guardian said the aftermath of the incident would be no less than the collapse of Lehman Brothers.
South Korea's "financial news" website 18 reported that the crash caused losses to more than 200000 people in South Korea. Considering that the currency has been traded in more than 80 countries and regions, quanduheng is afraid to be prosecuted by many countries. (Han Wen)