South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse By Yogita_Khatri5
A politician from South Korea’s ruling party wants the country’s parliament to hold a hearing on TerraUSD’s collapse.A separate report says financial regulators have launched “emergency inspections” into local crypto exchanges.Yun Chang-Hyun, a representative from South Korea's ruling People Power Party, has called for a parliamentary hearing on TerraUSD after the stablecoin's sudden collapse last week, local news outlet Newspim reported on Tuesday.
Terra's native Luna token has also tanked and is currently trading at a fraction of a cent, losing almost all of its value."Coinone, Korbit and Gopax stopped trading on May 10, Bithumb on May 11, but Upbit did not stop trading until May 13," he said. on Tuesday that local financial regulators have launched"emergency inspections" into local crypto exchanges to enhance investor protection after the UST collapse, citing anonymous sources.
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