Do Kwon, the main person behind Terra (LUNA) and TerraUSD (UST) stablecoin will be sued by LKB & Partners, major Korean law firm, over the collapse of Luna and UST that we saw last week. The firm will be suing Do Kwon on behalf of investors who lost money and will try to seize the property of Do Kwon.
The European Commission stated that it is likely that the energy prices, especially gas, will remain high this year, which can potentially roll over even to coming three years. The Commission also stated that EU should try to be less reliant on Russia and its energy supplies to prevent this from happening in the future.
The inflation numbers of United Kingdom that were released today confirmed that this problem is far from solved. At 9 % a year for the month of April, inflation is still speeding up, since the last recorded number was 7 %.
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