Terraform Labs co-founder Do Kwon said he has lost almost all of his wealth as a result of the recent collapse of his cryptographic ecosystem.
In an interview with the Wall Street Journal (WSJ) published on Thursday, he expressed his frustration over the sharp fall of LUNA and UST that occurred in mid -May.
He said he may have been a millionaire when LUNA hit an all -time high in April, but the guy had in fact lost most of his net worth following the event.
Even so, Do Kwon says the losses he suffered didn’t bother him, and he now lives a frugal life.
Do Kwon also expressed his regret over the losses incurred by investors as a result of the fall and hoped that all those affected would ‘take care of themselves’.
Investigators in South Korea and the United States are currently conducting an investigation into the issue that befell Terra, in which several former and current employees of Terraform Labs were barred from leaving the country.
In an attempt to bounce back, the founder launched a new version of Terra last month that was distributed for free to original token holders. LUNA 2.0 is trading down at $ 1.89 at the time of this writing.
