The CEO of venture capital firm Hashed and early Terra investor Kim Seo-joon has failed to attend South Korea’s National Assembly’s Political Affairs Committee citing extreme stress following the Terra crash.
Seo-joon was one of six people selected to take part in the South Korean parliament’s latest inquiry to better understand the events that led to the infamous $40 billion wipe out of Terra’s cryptocurrencies.
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 TerraUSD Classic (USTC).
In addition to the letter submitted to the National Assembly, Seo-joon attached an expert opinion and medical certificate which stated that he’d been hospitalized and received psychiatrist treatment. Medication and counseling treatment were also said to have worsened Seo-joon’s anxiety, who is “in absolute need of emotional stability at this time,” according to the expert opinion.
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 to an August interview.
