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VWNy

South Koreas largest crypto capital firm, Hashed, lost $3.6b due to the LUNA collapse. A very valid reason for South Korean authorities to go hard on Do Kwon.

Hashed, South Koreas largest crypto venture capital firm has lost a combined $3.6b due to the UST-LUNA implosion. That’s a lot even more than a lot of other firms such as Binance and 3AC too maybe. Losing that much money will obviously also have influences on their customers services, maybe they even put in customers money into this investment, then that’s really bad.

That basically also shows why South Korean authorities have been going that hard on Do Kwon and the Terra Foundation team. They are normally already strict and if you then in addition made their biggest firms lose a bunch of money they won’t let you go out of it safely, unlike maybe the US would have.

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9 thoughts on “South Koreas largest crypto capital firm, Hashed, lost $3.6b due to the LUNA collapse. A very valid reason for South Korean authorities to go hard on Do Kwon.”

  1. VC firm gambled and lost.

    Whilst if intentionally done, Kwon should be in jail but if not….well 🤷‍♂️

    Authorities can’t just go hard on everyone because others lose money.

    Reply

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