According to local media reports, South Korean parliamentarians have summoned kwon do hyung, founder of Terra Luna / USD, to attend the congressional hearing and testify on the terrausd (UST) collapse** It is reported that Yoon Chang hyeon, a member of the Korean national power party, raised this issue at the plenary meeting of the parliamentary administrative committee yesterday.
He also questioned the behavior of the Korean cryptocurrency exchange, which did not stop trading during the terrausd collapse. It is reported that bithumb, South Korea's leading cryptocurrency exchange, earned as much as 10 billion won (about 7.8 million US dollars) from trading fees after the collapse.
Yoon Chang hyeon said: "the heads of relevant exchanges, including Quan Daoheng, chief executive of Luna, should be brought to Congress to hold hearings on the causes of the incident and investor protection countermeasures."
For Quan Daoheng and terrform labs, the entity behind Terra blockchain, the upcoming legal process is a very bad time.
It was reported on Tuesday that Terra's internal legal team had resigned after the UST collapse. "The past week has been a challenging one for Terra labs, and a small number of team members have resigned in recent days," said a terra spokesman
On Thursday, Quan Daoheng's wife reported to the police that an unknown person tried to break into their apartment in the East District of Seoul and asked the police for emergency personal protection.
After several days of investigation, the suspected intruder went to Seoul Chengdong police station for interrogation on Monday. After the investigation, he told reporters that he suffered heavy losses in the crash and "lost about 2-3 billion won (about US $2.3 million)."
The suspect, who runs an online radio channel, also claimed that someone committed suicide due to the collapse of terrausd, and urged Quan Daoheng to apologize to more than 200000 South Korean investors who lost their savings and be responsible for Terra's collapse.