Cryptocurrency investors commit suicide after Luna token price drops

Investors in the LUNA token are on the verge of suicide, and more than 22 people have already committed suicide according to cryptocurrency blogger @EmperorBTC.

Reports of 22 people committing suicide over Luna failure. 10s of DMs that tell a horrific story.

A perfect Ponzi was designed in the name of a stable Coin to lure the retail.

A blot on crypto that can’t be undone. I hope Do Kwon is prosecuted and pays for it.

— Emperor? (@EmperorBTC) May 12, 2022

Suicides among LUNA holders are discussed not only on Twitter but also on Reddit, a popular crypto investor site. In particular, another story about a suicide attempt was published there. In 2021, an unknown man converted all his savings into cryptocurrency, with LUNA making up a significant portion of his savings. After the coin crash, the man attempted suicide.

Do Kwon, the creator of the UST and LUNA cryptocurrencies, is now the target of criticism and investigation after this week’s collapse of his projects triggered an unmitigated market disaster. «I am heartbroken for the suffering my projects have caused all of you,» he said, adding that he spent most of his time on the phone with people «devastated by the loss of the UST’s peg to the dollar,» he tweeted after several days of silence.

Such actions can be seen as an attempt to protect his family. Earlier it became known that a person broke into the residential complex where Kwon lives and then persistently pounded on the door of Kwon’s apartment. After checking with his wife that Kwon was not at home, the unknown person fled. The police have already provided the wife of the businessman with round-the-clock security.