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The CEO of venture capital firm Hashed and early Terra investor Kim Seo-joon has cited \u201cextreme stress\u201d following the Terra crash as the reason for his no-show at South Korea\u2019s National Assembly\u2019s Political Affairs Committee.<\/p>\n
Seo-joon was one of six people selected to take part in the South Korean parliament\u2019s latest inquiry to better understand the events that led to the infamous $40 billion wipe out of Terra\u2019s cryptocurrencies, according<\/a> to an Oct. 24 article from the Korea Economic Daily.<\/p>\n According to a letter from Seo-joon, he suffered severe mental harm from the following the sudden collapse of LUNC and the de-pegging of its associated algorithmic stablecoin<\/a> TerraUSD Classic (USTC), writing: <\/p>\n \u201cSince the Luna-Terra crash occurred, I have been suffering from anxiety disorder and panic disorder due to extreme mental stress.\u201d<\/p><\/blockquote>\n In addition to the letter submitted to the National Assembly, Seo-joon attached an expert opinion and medical certificate which stated that he\u2019d been hospitalized and received psychiatrist treatment since Jul. 29. <\/p>\n Medication and counseling treatment were also said to have worsened Seo-joon\u2019s anxiety, who is \u201cin absolute need of emotional stability at this time,\u201d according to the expert opinion.<\/p>\n A few months after the infamous Luna Classic (LUNC) collapse, Seo-joon disclosed that Hashed had suffered a $3.6 billion loss from its peak value in late April, having owned 30 million LUNC tokens, according<\/a> to an August interview with Bloomberg.<\/p>\n Earlier this month, the chairman of the South Korean exchange Bithumb, Lee Jung-hoon, also failed to attend the parliamentary hearing on Oct. 6, citing a panic disorder as the reason for his no-show.<\/p>\n Related: <\/em><\/strong>South Korean authorities raid 15 entities linked to Terra collapse<\/em><\/strong><\/a><\/p>\n Other witnesses called in various stages of the inquiry include Bithumb major shareholder Kang Jong-hyun, CEO of Dunamu which runs South Korea\u2019s largest crypto exchange UpBit Lee Seok-woo, Chai Holdco director Shin Hyun-sung and Terraform Labs co-founder Daniel Shin.<\/p>\n Terra CEO and co-founder Do Kwon was not listed to be inquired by Korea\u2019s Political Affairs Committee \u2014 as law enforcement units throughout the globe continue to try tracking his whereabouts<\/a>.<\/p>\n<\/div>\n