South Korea Discusses Fall of UST and LUNA in Parliament

A parliamentary hearing has been organized in South Korea by a political party against the backdrop of the collapse of the UST and LUNA digital assets.

Do Kwon, co-founder of the Terra project, was also reportedly present at the “event.

This was reported by House of Representatives member Yoon Chang-Hen, who has noted that the drop in the value of LUNA and the stablecoin UST greatly “shook up” the entire financial sector, making the Terra project the most talked about among the crypto space.

Chang-Hen has added the parliamentary hearing was devoted to the reasons for the collapse of the blockchain Terra, as well as a discussion of possible “ways out” of the situation.

In addition to Kwon, the National Assembly of Political Affairs has invited the heads of many cryptocurrency exchanges to attend the meeting.