© Reuters.
Investing.com – In the latest development in the case, which saw the stablecoin and cryptocurrency collapse last week, we learned last night that the main members of the legal team of Terraform Labs have resigned.
Advisory team members Marc Goldich, Lawrence Florio and Noah Axler all quit working for the company in May, according to updates to their LinkedIn profiles on Tuesday. Rumors are thus rife regarding the possibility that these advisers have learned of details that they cannot endorse or defend. However, it is equally possible that they simply jumped ship, sensing that they will not receive their next paycheck.
It should also be remembered that many investors who lost a lot of money with the collapse of UST and LUNA have called for legal action against Do Kwon, the developer of the Terra network.
Do Kwon soon to be heard in the Korean National Assembly?
In the same vein, it should also be noted that the South Korean Conservative Party has requested a parliamentary hearing from Do Kwon on the issue.
According to a local news report, Korean crypto exchanges reacted differently to the collapse, leading the National Assembly’s Political Affairs Committee to summon Terraform Labs co-founder Do Kwon for a parliamentary hearing on Tuesday. the question. Commission representative Yoon Chang-Hyeon of People’s Power said:
“There’s a part that raises questions about the behavior of the stock exchanges during the crash.” “Coinone, Korbit and Gopax stopped trading on May 10, Bithumb on May 11 stopped trading daily, but Upbit did not stop trading until May 13.”
He noted that “as legislation is delayed, investor losses increase” and “authorities continue to see the huge loss of investors and are powerless to protect investors.” Representative Yoon suggested the following:
“We should bring the officials of the relevant exchanges, including Terra CEO Kwon Do, to the National Assembly to hold a hearing on the cause of the situation and the measures to be taken to protect investors.”
Finally, remember that Do Kwon proposed a plan on Monday to , in particular by forking its blockchain, which received a mixed reception.