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.

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