According to reports, the financial crime movie (Crash), based on true events, will officially premiere on January 15 next year. The film tells the story of a young man who created the altcoin $MOMMY, achieved unprecedented success, but fell into regulatory issues, ultimately leading to a crash that caused a loss of 50 trillion Korean won. In addition to receiving support from the Korea Creative Content Agency's new media content division, this film is also the last work of the late actor Song Jae-rim.
The community speculates that (Crash) is adapted from the Terra Luna incident.
The news indicates that the film is based on true events, and the judicial authorities have not yet made a final judgment. The production team has conducted thorough preliminary investigations, detailed reviews, and legal consultations. The official announcement has recently confirmed the release date to be January 15, 2025, along with the release of a teaser poster.
Keywords like Korea and massive losses also remind people of the Terra Luna incident. Do Kwon is the founder and CEO of Terraform Labs, and the cryptocurrencies $LUNA and $UST he launched were once among the most well-known cryptocurrencies in the world. By balancing the issuance and destruction of $LUNA and $UST through smart contracts, $UST was once the third-largest stablecoin in the world.
However, in May 2022, Terra Luna encountered a targeted attack. With liquidity gaps in the agreement, unknown large whales massively sold off $UST, causing significant slippage. The panic also left market participants unsure of what to do, ultimately leading to the fate of $UST and $LUNA facing zeroing, only serving as entertainment for the public during the Mid-Autumn Festival.
Song Jae-rim's last work will be released in January next year.
Song Jae-rim plays the lead role of Yang Do-hyun in the film, a cryptocurrency developer who has faced multiple startup failures but still claims to be a business genius. He is joined by actors Ahn Yu-yeon, Min Sung-wook, So Hee-jung, and Cha Jung-won. In the film, Yang Do-hyun's cryptocurrency $MOMMY achieves success, followed by regulatory pressures, ultimately leading to a crash. The movie depicts another side of entrepreneurial investment and serves as a reflection of the reality of young people in Korea, who are obsessed with stocks during the day and trading coins at night.
Song Jae-rim was found dead at home on November 12 this year, at the age of 39. It was reported that he had long been harassed by sasaeng fans (fans who invade the privacy of celebrities and even engage in intrusive behavior). Song Jae-rim debuted in 2009 with the film (The Actresses) and subsequently participated in various Korean dramas, films, and stage performances. Notable works include (Moon Embracing the Sun) and (Queen Insoo), and he also appeared in the music videos of girl group 2NE1 (Go Away) and BoA (Message).
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This article is reprinted with authorization from: (Chain News)
'Song Jae-rim's last work! (Crash) movie to be released next year, netizens speculate it is adapted from the LUNA zeroing incident' was first published on 'Crypto City'.
