A Taiwanese man commits himself after losing a $2 million investment

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On Tuesday, a public member reported that a man had jumped from a building on Shicheng Road in Taichung City’s Phase 7 redevelopment area.

After losing a significant amount of money owing to the collapse of Terra Luna, a man was found dead after presumably taking his own life by falling from his apartment.

Wu Nan, a resident in Taichung’s 7th redevelopment district, leaped from his high-rise, luxurious residential complex, according to NOWnews. A late-shift security officer heard a loud noise and rushed outside to investigate, where he found a critically injured man on the ground.

When the police arrived, they learned that the man had most likely perished after falling to the first level. Wu Nan inhabited the 13th level, according to a preliminary study.

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Wu did not leave a suicide letter, and there were no traces of an intrusion or altercation, as per the police statement.

Prosecutors learned that Wu had recently lamented to his friends and relatives that the value of the Luna tokens he had purchased had decreased by 99 percent in two days after examining his phone.

He expressed his sadness and indicated that it had cost him significant money. He reportedly put $2 million into Luna tokens, but he was left with just $1000 in his account when their value plummeted. Nevertheless, according to officials, Wu’s financial activities and the cause of his fatal accident are being investigated.

On May 7, the TerraUSD (UST) algorithmic stablecoin’s value plunged to 35 cents, and the price dropped to 35 cents on May 9. LUNA’s price dropped from $80 to a few pennies. The Terra blockchain has been paused since May 9th, and UST is no longer tied to the US dollar.

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