Do Kwon, co-founder and CEO of the Terra project, has finally broken his silence on the collapse of the stablecoin Terra USD (UST) and cryptocurrency LUNA. But not everyone appreciated his words.
Despite Kwon’s attempts to clear his name in an interview, the community continues to hate his behavior. On Twitter, podcaster Eric Conner he compared Kwon’s situation with that of the recently arrested Tornado Cash developer. According to Conner, Kwon allegedly scammed users for billions of dollars and is still on the loosewhile the creators of Tornado Cash “they fear for their life“although we have only written a code to protect privacy.
Researcher FatManTerra also shared his views on Kwon’s interview, calling it completely insignificant. He also stated on Twitter that Terra’s CEO allegedly lied about many things during the interviewtrying in every way to appear innocent but only partially succeeding.
Cory Klippsten, Bitcoin evangelist (BTC), expressed its opinion on the matter. Klippsten he encouraged those who have lost money to Earth a pursuing legal action against Do Kwon. Analyst Hailey Lennon believes instead that the interview does not even deserve the attention of the community: “I won’t even share a link, it doesn’t deserve a click.“
In June, South Korean prosecutors have imposed a travel ban to all Terraform Labs employees. However, since Kwon is in Singapore, authorities may consider invalidating his passport and initiating further investigations.
In July, South Korean authorities took action against various entities linked to the collapse of Earth. Law enforcement broke into 15 companies, including exchanges Upbit, Bithumb, Coinone, Korbit and Gopax.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.