The CEO of Hashed Fund was absent from the hearing in advance of the National Assembly of Korea due to the “trauma” following the LUNA-UST incident

Hashed is a single of the to start with investment money in Terra (LUNA) and UST, which is stated to have “lost” $ three.six billion following the task failed.

According to Korean sources, Kim Seo-joon, CEO of Hashed Investment Fund, refused to seem at the Korean National Assembly hearing on the collapse of the Earth (LUNA) and UST.

In the letter explaining the cause for his absence, Kim stated he “needed stability because he suffered from severe stress and psychological trauma after the Earth-Moon accident”, and that this person’s wellbeing is quite very good. worsened. Specifically, this man or woman has began psychological therapy considering the fact that the finish of July, but the signs of pressure are worsening in spite of the reality that she has undergone therapy and counseling. CEO Hashed connected a healthcare record to the letter to show to Congress that she was not lying.

Simon Seojoon Kim, CEO of South Korea’s VC Hashed, refused to seem as a witness in a Congressional investigation of the MOON, citing a psychological sickness. He stated that considering the fact that the collapse of LUNA he suffered from anxiousness ailments and panic attacks. https://t.co/8RuzNHHQhX

– Wu Blockchain (@WuBlockchain) October 24, 2022

Due to their Korean origin, Hashed was a single of the earliest traders and supporters of the Terra (LUNA) task, then went on to assistance the UST stablecoin release system for this ecosystem. Interview with the newspaper Bloomberg In August 2022, Mr. Kim Seo-joon uncovered that the fund purchased up to thirty million LUNA, well worth up to $ three.six billion when the coin peaked in April 2022. Hashed has then pointed the MOON over to come to be the Earth validator. After the collapse of LUNA, the total sum is thought of to have dropped to .

Earlier, to much better realize the result in of the LUNA-UST “catastrophe”, the Political Working Committee of the Korean National Assembly announced that it would hold a hearing with the leaders of the main cryptocurrency providers in the land of kimchi. Mr. Kim Seo-joon was invited as a witness to inform what occurred in the days when the task failed.

In addition, the Political Working Committee also sent an invitation to former President Lee Jung-hoon of Bithumb, South Korea’s greatest cryptocurrency exchange, and to Mr. Lee Seok-woo, CEO of Dumanu, who controls the exchange.The 2nd greatest transaction is Upbit, out of the hearing. However, Mr. Lee also announced his absence due to sickness and no longer holds the executive place at Bithumb.

The LUNA – UST situation is getting specific consideration from the Korean government due to the hefty injury left to traders in this nation. After much more than four months of investigation, Korean authorities issued an arrest warrant for the CEO of Terraform Labs Do Kwon in September and asked the International Criminal Police Organization (Interpol) to situation a red alert for the worker. threatening to ruin Do Kwon’s. passport if you will not demonstrate up early.

In the opposite course, Mr. Do Kwon is stated to have fled from Singapore to Dubai (UAE), but continues to seem in the media claiming that the arrest warrant from the Korean side is “unfounded” and his physique is “not hiding”. .

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