A new South Korean film will immortalize the $45 billion Terra crash in 2022 that involved TerraUSD and LUNA.
The following are some of the ways to get in touch with us “Crypto Man,” The late actor Song Jae Rim plays the self-proclaimed genius businessman who creates MOMMY, an altcoin. Jae rim, a famous actor from South Korea was found in his hotel suite in November of 2024. The police believe that it was a likely suicide.
The Korean Newspaper JoongAng DailyTerraform Labs is loosely the inspiration for the plot of the film.
Do Kwon, a South Korean entrepreneur with a reputation for being explosive and brash founded Terraform Labs. Terraform Labs is known for the TerraUSD stablecoin (UST) as well as its LUNA token. In May 2022 both assets fell, wiping $45 billion from their market value over night and leading to a series of bankruptcy in the crypto-world.
Do Kwon joins financial criminals like Jordan Belfort and other such figures. “The Wolf of Wall Street” Sam Bankman Fried, who is immortalized on film and television.
Harry Hyun, the director of Harry Hyun’s film, explained his views to the Korean Newspaper JTBC The movie seems to be portraying “the reality of young people who are addicted to stocks during the day and coin speculation at night.”
Hyun did not reveal many details about the plot, but stated that the protagonist. “makes an irreversible choice.”
The director—who reportedly won acclaim at the Cannes Film Festival for her movie “Nine Times Fired”—said the upcoming film will also contain “elements of black comedy.”
Terra will be officially released on Korean screens on January 15, 2025. Distributed by MooAm Productions. No word yet on a release in other countries.
Hyun explained the fact that as the movie was based on a true crime, the sentence hasn’t been carried out in full. “legal advice was received based on legal cases before production.”
The crypto-industry disasters have attracted the attention of film makers. At one point, more than seven films, TV shows, and documentaries were based upon the story of FTX, the failed cryptocurrency exchange.
The most recent was in November 2024. Girl Apple and A24 acquired the rights to this story, which led to Apple hiring Lena Dunham to create an adaptation.
Stacy Elliott is the editor.