Tuesday, December 5, 2023

Do Kwon tries to clear his name from TerraUSD collapse.

Do Kwon, Terra co-founder and CEO, has tried to clear his name and distance his image from the collapse of the TerraUSD and LUNA 2. But community members are not going to get him off so easily. They are still very much unhappy and angry.

Eric Conner, a podcaster, alleged that Kwon scammed billions and is partying, while Tornado Cash developers wrote some code for privacy and fear for their lives. FatManTerra, a crypto researcher, described Kwon’s recent interview as a nothingburger. He believes the Terra CEO lied about many things and tried to recount fraud in a way that avoids being implicated but failed at doing so.

Cory Klippsten, Bitcoin evangelist, tried to motivate those who lost their money in the Terra collapse to pursue legal action against Do Kwon, while Hailey Lennon, an analyst, said Do Kwon’s interview doesn’t deserve the community’s attention. She said she will not share the link because it doesn’t deserve clicks. Do Kwon is getting a lot of criticism and TerraUSD’s collapse is not going to go away soon from the public forum or podcasts or the news as a matter of fact.

However, there are some supporters who say Do Kwon is innocent. One enthusiast believes that Kwon is building a “better LUNA”.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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