{"id":47762,"date":"2022-05-24T12:25:21","date_gmt":"2022-05-24T10:25:21","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=47762"},"modified":"2022-05-24T12:25:21","modified_gmt":"2022-05-24T10:25:21","slug":"5-major-trades-called-for-an-emergency-meeting-due-to-what-happened-with-terra-and-ust","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/5-major-trades-called-for-an-emergency-meeting-due-to-what-happened-with-terra-and-ust\/","title":{"rendered":"5 Major Trades Called For An Emergency Meeting Due To What Happened With Terra And UST"},"content":{"rendered":"
The Luna incident is to be investigated by a convocation of five CEOs from Korean exchanges, including Dang Jeong and Lee Seok-woo<\/strong>.<\/span><\/p>\n <\/p>\n As a result of the collapse of the Korean virtual assets LUNA and UST<\/strong>, along with the collapse of the five major exchanges in the crypto market, the ruling party has called an emergency party meeting. The representatives of the exchange will be held responsible for the damages caused to investors because of the recent Luna crash and delisting, which led to the loss of their investments.<\/span><\/p>\n On the 23rd, according to representatives of the Party Policy Committee<\/strong> and industry groups in the virtual assets industry, the meeting will be jointly held by the Party Policy Committee and the Virtual Assets Special Committee, which include Upbit<\/strong>, Bithumb<\/strong>, Coinone<\/strong>, Korbit<\/strong>, Gopax<\/strong>, etc. In order to conduct the meeting, representatives from each of the five major exchanges were summoned.<\/span><\/p>\n The current CEO of the Korea Exchange<\/strong>, Lee Seok-woo, has decided to attend, and other representatives of Korea’s major exchange companies are expected to attend, according to<\/a> a ruling party official.<\/span><\/p>\n During the Luna incident, the National Assembly<\/strong> is expected to hold the exchanges that handled transactions related to Luna responsible for the protection of investors.<\/span><\/p>\n The Korean virtual asset Luna saw its price plunge by 99.999% within a week<\/strong> as a result of the most recent market volatility, leading Binance, the world’s largest virtual asset exchange, to announce on the 13th that it would suspend some of its spot trades in Luna. Upbit, Bithumb, and Gophex followed suit.<\/span><\/p>\n <\/p>\nCombining All Forces<\/span><\/h2>\n