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Terra (LUNA) Founder Do Kwon Said To Ask For 'Emergency Protection' From Police

By Samyuktha Sriram

South Korean police are investigating a report that an unknown person visited the residence of Terra (CRYPTO: LUNA) founder Do Kwon.

What Happened: According to a report from a local Korean publication Money Today, Do Kwon’s spouse requested emergency personal protection after an unidentified person broke into their apartment premises.

The intruder reportedly knocked on the door and rang the doorbell to ask Do Kwon’s spouse if her husband was home before fleeing the scene.

See Also: Is Terra (LUNA) Dead?

A number of LUNA investors have lost significant amounts of money over the last week after the collapse of the Terra ecosystem. At the time of writing, LUNA had fallen to a low of $0.000042, down 99.99% in the last 24 hours.

Police are investigating the person suspected of breaking into the Terra founder’s residence. At the time of writing, it was not known whether the intruder was a LUNA or UST investor.

"We plan to review what additional measures are needed through the investigation,” stated a police official, according to Money Today.

Photo: Do Kwon, Terra site video screenshot

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Dive Deeper:
SEC Is Already Investigating Terra's Stablecoin UST: Report
The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST),…
CoinSwitch Kuber delists Luna just as crypto exchanges suspend Terra tokens. See details
‘We have now decided to delist Luna to safeguard your interests and those of the larger crypto ecosystem,’ CoinSwitch Kuber…
Could terra fall prove to be Lehman Brothers moment for cryptocurrencies?
Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?
Terra's Do Kwon 'Heartbroken' Over UST Collapse, Doge's Billy Markus Tells Him To Leave The Industry
In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all…
One subscription that gives you access to news from hundreds of sites
Bitcoin Bull 'Pomp' Reacts To Allegations He Pumped Terra (LUNA), UST Stablecoin
Bitcoin (CRYPTO: BTC) bull Anthony Pompliano, better known by the nickname "Pomp," dismissed allegations that he had been “promoting” Terra (LUNA) or Terra…
Dogecoin Stages Sharp Recovery: What's Driving It?
Dogecoin (CRYPTO: DOGE) shot up over 23% to $0.09 over 24 hours leading up to early Friday morning.  DOGE recovered…
Get all your news in one place