Key witness called to testify at Terra parliamentary inquiry is a no-show

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 rationale for his no-show at South Korea’s Nationwide Meeting’s Political Affairs Committee.

Web optimization-joon was considered one of six folks 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 Day by day.

Based on 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 Basic (USTC), writing:

“Because the Luna-Terra crash occurred, I’ve been affected by nervousness dysfunction and panic dysfunction as a result of excessive psychological stress.”

Along with the letter submitted to the Nationwide Meeting, Web optimization-joon connected an knowledgeable opinion and medical certificates which said that he’d been hospitalized and acquired psychiatrist remedy since Jul. 29.

Treatment and counseling remedy had been additionally mentioned to have worsened Web optimization-joon’s nervousness, who’s “in absolute want of emotional stability right now,” in response to the knowledgeable opinion.

Just a few months after the notorious Luna Basic (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 trade Bithumb, Lee Jung-hoon, additionally didn’t 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 known as in varied levels of the inquiry embrace Bithumb main shareholder Kang Jong-hyun, CEO of Dunamu which runs South Korea’s largest crypto trade 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 legislation enforcement models all through the globe proceed to attempt monitoring his whereabouts.

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