The unknown person visiting Terraform Labs’ founder, Do Kwon, has been identified and later arrested.
According to a BBC News report, an AfreecaTV streamer who goes by “Chancers” was the desperate man who knocked on the controversial exec’s home earlier this month.
The social media personality made quite a fortune after entering the digital asset space in 2017.
Chancers had invested $800,000 in LUNA. Following the latest crash, he lost approximately $2.4 million.
He was quoted saying,
“I felt like I was going to die. I lost a lot of money in a short period of time. Around $2.4m (£1.9m) of my cryptocurrency was wiped out. Here in Korea, I was in the top 1% in terms of my finances. But thanks to the crash, I’m now in trouble.
As reported earlier, South Korean law enforcement officials were trying to identify the person who came to Kwon’s apartment and asked his wife about his whereabouts on Thursday, May 12.
Media reports began circulating revealing the police were looking for the uninvited visitor after Kwon’s wife urged for protective custody.
The following day, Chancers voluntarily surrendered himself at the Seoul police station.
The streamer revealed visiting Kwon’s home and even live-streamed the entire episode to nearly 100 people via the streaming platform.
Terra LUNA’s downfall is engraved like a nightmare for crypto investors, and this is among the latest examples of people doing desperate things.
The founder, infamous for being brazenly rude and self-assured, has been slapped with lawsuits and multi-million dollar fines.