Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False

Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. журналист Лаура Шин опубликовала статью, в которой утверждается, что, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing out $2.7 billion a few months before the UST de-pegging incident. Kwon, however, has been keeping tabs on Fatman’s accusations and he claims the allegations are “categorically false.”

ЛУНА 2.0 Token Drops 54% in Value During the Last 2 Weeks

The ЛУНА 2.0 rebirth token has been extremely lackluster in terms of market performance during the past two weeks. Однако, as Bitcoin-Tidings.com News сообщил six days ago, a myriad of decentralized finance (дефи) protocols have re-joined the ecosystem.

Terra’s 2.0 chain has roughly $1.32 billion locked in the Stader defi application according to defillama.com stats. The Terra Classic chain still has $10.54 миллион total value locked in defi today as well, с $3.11 million held on Terraswap and $2.47 million locked into Anchor.

ЛУНА 2.0 on June 12, 2022 via Kraken.

During the past two weeks, after LUNA 2.0 tapped a high of $11.33 per unit, в new LUNA has lost 54% during the last 14 days. It is still down 86% from the all-time high at $18.87 per coin when the 2.0 blockchain was first launched.

На момент написания, ЛУНА 2.0 has $135 million in global trade volume, which pales in comparison to the volume luna classic (ОБЕД) saw prior to the fallout. The top exchanges in terms of trade volume for LUNA 2.0 include Bitrue, Okx, Huobi Global, Kucoin, and Gate.io. LUNA 2.0’s top five trading pairs today include USDT, USD, USDC, EUR, В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. ETH, respectively.

Terra Co-Founder Do Kwon Continues to Be Accused of Shady Acts — Whistleblower Fatman Claims Kwon Cashed Out $2.7 Billion Before UST Collapse

While LUNA’s market performance has not been so hot, alongside a variety of crypto assets suffering through the bear market, Do Kwon is still being accused of shady acts by the whistleblower Толстяк.

Three days ago, Bitcoin-Tidings.com News also сообщил on the U.S. Комиссия по ценным бумагам и биржам (SEC) reportedly investigating the terrausd (ЕСН) collapse and the company Terraform Labs (TFL). On June 11, 2022, Fatman accused Kwon of siphoning $2.7 billion from the Terra project a few months before the UST fallout.

“Some of you thought $80m per month was bad,” Fatman tweeted. “That’s nothing. Here’s how Do Kwon cashed out $2.7 миллиард (33 x $80 [миллион]) over the span of mere months thanks to Degenbox: the perfect mechanism to drain liquidity out of the LUNA [В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты.] UST system and into hard money like USDT.

Fatman says the defi borrowing protocol Abracadabra’s Degenbox and tokens like SPELL В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. МИМ were used to provide “deeper exit liquidity to the UST pair.” The whistleblower said that Kwon was able to cash out via the MIM/UST pool to the tune of $2.719 billion without moving the peg.

“UST is the future, он сказал. Decentralized money is sound money, он сказал,” Fatman continued. “UST won’t de-peg, he told you. ‘Centralized stablecoins will rug you eventually.’ So why did he cash out $2.7b from UST into USDT and USDC?

Do Kwon Refutes Cash Out Accusations, Says He ‘Really Doesn’t Care About Money Much’

Однако, До Квон has refuted the claims he cashed out $2.7 billion before the UST crash. “This should be obvious, but the claim that I cashed out $2.7B from anything is categorically false,” Kwon said the same day Fatman accused him. Kwon also has his Twitter account set to private mode and only people Kwon tags in a tweet can reply.

“Two contradictory claims seem to exist where: Do’s wallets are doxxed, and he still owns most of his luna through the airdrop [or] Do dumped all his tokens to make billions,” Kwon continued. “A lane should ideally be picked.” The Terra co-founder added:

To reiterate, for the last two years the only thing I’ve earned is a nominal cash salary from TFL, and deferred taking most of my founder’s tokens because a) didn’t need it and b) didn’t want to cause unnecessary finger-pointing of ‘he has too much.’

On Twitter, people have discussed how Kwon is a lot more humble now in comparison to calling people “poor” during LUNA’s peak fame. Others have been discussing Kwon reportedly “bending over” Abracadabra founder Daniele Sesta and “SPELL bagholders.”

The claims say tokens like SPELL, MIM and Abracadabra’s Degenbox were used to help Kwon siphon UST into harder stablecoin assets. Abracadabra and Sesta have already had their share of controversy in the past with the Wonderland TIME debacle.

Terra’s co-founder Kwon stressed on Twitter that none of what is being said about him cashing out is true. “Hope that’s clear – I didn’t say much because I don’t want to seem like playing victim, but I lost most of what I had in the crash too,” Kwon concluded on Saturday in his refutation against the claims he cashed out $2.7 миллиард.

“I’ve said this multiple times but I really don’t care about money much. Please say things that are proven and true – if you are spreading falsehood that just adds to the pain of everyone who has lost,” Kwon added.

журналист Лаура Шин опубликовала статью, в которой утверждается, что, Толстяк continues to accuse Kwon of dirty tricks and the whistleblower has not stopped criticizing Kwon’s ostensible acts, or his current commentary and refutation.

Теги в этой истории
$11.33 High, $2.7 Миллион в предварительном раунде, Абракадабра, Обвинения, Cash Out, Daniele Sesta, сделать квон, Do Kwon Terra, Толстяк, Толстяк Терра, ЛУНА, Luna 2.0, Luna Classic, LUNA price, ОБЕД, Терра 2.0, Terra Do Kwon, terraform labs, TFL, Время, ЕСН, whistleblower, whistleblower Fatman, wonderland

What do you think about LUNA 2.0 and the recent accusations against Do Kwon? What do you think about Kwon’s refutation? Дайте нам знать, что вы думаете об этом предмете в разделе комментариев ниже.

Джейми Редман

Джейми Редман — руководитель отдела новостей Bitcoin-Tidings.com News и журналист, работающий в сфере финансовых технологий, живет во Флориде.. Редман был активным членом криптовалютного сообщества с 2011. У него страсть к биткойнам, открытый исходный код, и децентрализованные приложения. С сентября 2015, Редман написал более 5,000 статьи для Bitcoin-Tidings.com Новости о прорывных протоколах, появляющихся сегодня.




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