Hashed CEO States Mental Illness for Not Attending Terra Enquiry
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- Hashed CEO Simon Seojoon Kim fails to attend the National assembly.
- The assembly was held to enquire about the Luna-Terra incident.
- He stated mental illness as the reason for not attending the assembly.
Simon Seojoon Kim, CEO of VC Hashed in South Korea, has cited mental illness as his justification for declining to testify in a legislative investigation into LUNA. He said that ever since LUNA’s demise, he has experienced panic attacks and anxiety issues.
Kim was selected for the National Assembly Political Affairs Committee as part of an inquiry to ask about the Luna-Terra collapse. Kim, however, didn’t attend the meeting, citing reasons for stress, and said that he needed stability.
FatMan responded to the news by arguing that Kim, who artificially inflated Anchor’s core interest and shilled its stability, is now refusing to turn up, stating mental illness.
Mental illness.The guy who artificially inflated Anchor’s core interest rate by generating inorganic borrowing and then shilled its stability to Korean retail investors refused to turn up for a Terra congressional inquiry because of «mental illness».Convenient https://t.co/LJDX89GIQY
— FatMan (@FatManTerra) October 24, 2022
Kim stated in the statement of no appearance that he has been receiving psychiatric treatment since July 29 and that his stress situation has worsened due to the medication and treatment. He also added in the statement that the symptoms are worsening.
The Political Affairs Committee invited Shin Hyun-seong, general manager of Tchaiholdco, and Kim Seo-joon, CEO of Hashd, to testify during the investigation into the Terra/Luna event on the 14th. Seojun Kim, the CEO of Hashed, made an early investment in Terra and Luna.
To back up the situation that he has been facing, he also added an expert opinion and a medical certificate alongside. Seo-Joon revealed that Hashed had lost $3.6 billion from its peak value in late April, having possessed 30 million LUNC tokens.
Terra CEO and co-founder Do Kwon was not identified as being investigated by Korea’s Political Affairs Committee, despite the fact that law enforcement agencies throughout the world are still looking for him.
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