Dave - Cryptocurrency Enthusiast
Seojoon Simon Kim, the CEO of the South Korean virtual asset firm Hashed, has refused to testify before the Tera-LUNA panel of inquiry, alleging mental illness, anxiety, and panic attacks.
The CEO gave testimony as part of the Tera-LUNA collapse investigation by the National Assembly Political Affairs Committee, according to Korean media. Kim informed the committee that his health had gotten worse as a result of the Terra-LUNA crash and that he needed time to recover from the stress of the event.
In a letter obtained by the local media, Hashed CEO stated, "I have been suffering from anxiety illnesses and panic disorders due to significant mental stress since the Tera-LUNA. I've been undergoing psychiatric therapy at another hospital since July 29, and my stress level has increased significantly".
It is important to note that Kim's virtual asset company bought 30 million LUNA tokens and suffered a total loss of over $3.5 billion as a result of the crash.
The following witnesses were also called: Kang Jong-hyun, a significant Bithumb shareholder; Shin Hyun-Seong, the general manager of Tchaiholdco; Lee Jung-hoon, a former chairman of Bithumb Korea; and Lee Seok-woo, the CEO of Dunamu.
Terraform Labs co-founder Daniel Shin informed the South Korean National Assembly that he did not want to speak before the MPs. In a letter, Shin asserted that his participation in the parliamentary audit would harm the ongoing investigation in Terra-LUNA by the local prosecutors.
Buy crypto or trade crypto, there is always a risk that you must consider. Cryptocurrency investment must be calculated, finding the right strategy and not underestimating the potential stress it can bring. We suggest taking your time to learn about crypto, which you can do by visiting BCBitcoin. Here you can find various articles to keep you updated on the latest news, different cryptocurrency guides which would help you to get a better understanding of the crypto world before making any investments. And, once you are confident enough to invest in cryptocurrency, you can use BCBitcoin to buy and sell cryptocurrency.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards