- The CEO of Hashed said he is unable to testify before the investigative panel.
- He claims to suffer from anxiety illnesses and panic disorders.
- The virtual asset firm lost over $3.5 billion to the LUNA collapse.
Simon Seojoon Kim, the CEO of a South Korean virtual asset company Hashed, has refused to appear before the Tera-LUNA panel of inquiry, citing mental illness, anxiety, and panic attacks.
According to Korean media, the CEO was one of the witnesses for the National Assembly Political Affairs Committee’s investigation into the circumstances behind the Tera-LUNA collapse. Kim told the committee he would be unable to testify because following the Terra-LUNA collapse, his health deteriorated, and he needed stability from the stress of the incident.
Hashed CEO said in a letter cited by the local media:
I have been suffering from anxiety illnesses and panic disorders owing to significant mental stress since the Tera-LUNA crash. I have been undergoing psychiatric therapy from another hospital since July 29, and the stressful situation has increased substantially.
It is worth noting that the virtual asset company headed by Kim bought 30 million units of the LUNA token and lost over $3.5 billion in principal and profit to the crash.
Other notable figures invited to testify included Shin Hyun-Seong, the general manager of Tchaiholdco; Lee Jung-hoon, a former chairman of Bithumb Korea; Kang Jong-hyun, a significant Bithumb stakeholder; and Lee Seok-woo, CEO of Dunamu.
Coin Edition reported early this month how Daniel Shin, the co-founder of Terraform Labs, told the South Korean National Assembly that he chooses not to appear before the lawmakers. Shin said in a letter that his appearance at the parliamentary audit would obstruct the ongoing investigation in Terra-LUNA by local prosecutors.
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