Parliament to hold hearings on the Luna crash case: Kwon to be called to testify

South Korean parliamentarians are planning to hear Terraform Labs founder Do Kwon, arguing their interest in the UST/LUNA coin crash. According to the local Newspim, exchanges are also involved in the hearings, as they continued to trade the UST stablecoin even after it was pegged to the dollar.

According to rumors, South Korean financial regulators have launched urgent inspections of cryptocurrency trading platforms to ensure that investors are protected from such situations.

Similar opinions are now being voiced all over the world — the fall of Luna has shown many government representatives the need to regulate the complex cryptocurrency market. As a reminder, at least 22 people have committed suicide so far due to the UST/LUNA collapse.