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🔔 South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse !
A politician from South Korea’s ruling party wants the country’s parliament to hold a hearing on TerraUSD’s collapse. He wants Terraform Labs CEO Do Kwon and Korean crypto exchange officials to attend the hearing.
Despite the crisis, Terraform Labs, the company behind Terra, hopes to regain the public's confidence after the collapse. Kwon proposed forking the Terra network into a new chain on Monday because "Terra is more than UST." The proposal will be put up for governance vote on May 18.

"We encourage Terra developers to signal support & commit to build on the fork on public channels ASAP," said Kwon.
Terra's investors have begun showing support for Terra's fork. Su Zhu of Three Arrows Capital tweeted last night: "Terra2 soon."

Meanwhile, Binance CEO Changpeng Zhao has said that he doesn't think the Terra fork will work because it won't provide any value.

▪️Full News:
https://www.theblockcrypto.com/post/147269/south-korean-politician-calls-for-hearing-terra-do-kwon
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