A police report has been filed in Singapore against Do Kwon on behalf of LUNA and UST investors.
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Terra / LUNA, once in the top 10 of the crypto capitalization list, crashed more than 99% from its all-time high and its holders saw their portfolio being destroyed in a few days. This event caused a general cryptocurrency bloodbath as a reaction.
A police report has been filed yesterday by a Singapore citizen. He claims that he knew of more than 1000 Singaporeans that invested in LUNA and UST. UST was sold as the stablecoin that will remain pegged to $1 but it dropped to $0.1 because the ponzi scam collapsed. LUNA became worthless overnight. A total of $32 Billion dollars is lost.
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