Somebody File Police Report on UST/LUNA

https://watcher.guru/news/investor-files-police-report-against-terra-founder

Accordingly to the screenshots to the police report, this person knows at least 1000 or more Singaporeans invested in UST and/or LUNA, but there is no mention of how much was invested or lost.

One glaring point in the report is this,

"influencers and finance gurus told people lies saying UST is 100% safe and they can earn 19% forever"

There are 4 blog links in the police report, using the Wayback Machine to look up archive copies of the blogs, I couldn't find anywhere that says 100% safe or 19% forever, in fact the blog writers actually mentioned the risks of UST/LUNA, for example death spiral and depegging.

https://blog.seedly.sg/anchor-protocol-review-anc

https://kpo-and-czm.blogspot.com/2022/05/retiring-using-anchor-earn-crypto-com-visa.html

https://www.drwealth.com/what-is-terra-luna

https://investmentmoats.com/money/stablecoins-high-interest-how-safe

Regardless, it is very unfortunate that UST/LUNA crashed, I last checked Do Kwon proposed a hard fork on the Terra chain, I hope they have some plan in place to at least save the small but loyal supporters first.

Personally I'm not invested in UST or LUNA, before the crash I was thinking if I want to diversify, I might try UST or LUNA, now probably not.

Anyway, stay strong, stay safe, family is more important than anything in the world.


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