{"id":33563,"date":"2022-08-16T07:31:15","date_gmt":"2022-08-16T11:31:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=33563"},"modified":"2022-08-16T07:33:29","modified_gmt":"2022-08-16T11:33:29","slug":"do-kwon-breaks-silence-over-terras-demise","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/do-kwon-breaks-silence-over-terras-demise\/","title":{"rendered":"Do Kwon breaks silence over Terra’s demise"},"content":{"rendered":"\n
Do Kwon has broken his silence over the demise of the algorithmic stablecoin Terra USD<\/a> (UST) and LUNA, this has triggered negative reactions from the crypto community.<\/h5>\n\n\n\n
\"Do
Do Kwon breaks silence over Terra's demise<\/figcaption><\/figure>\n\n\n\n

The Terra CEO continues to be unpopular with the community despite Kwon's attempts to defend himself in an interview. Podcaster Eric Conner contrasted Do Kwon's predicament to that of the Tornado Cash creator who has been detained in a tweet.<\/p>\n\n\n\n

Conner claims that while Tornado Cash developers \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>developed some programming for privacy and are now “fearing for their life,” Kwon defrauded billions of dollars and is still “partying.”<\/p>\n\n\n\n

Additionally, crypto analyst FatManTerra commented on Kwon's interview. The interview was dubbed a “nothingburger” by the researcher.<\/p>\n\n\n\n

According to a tweet from FatManTerra, the CEO of Terra lied on a number of occasions throughout the interview and attempted to describe fraud in a way that avoided being implicated but failed to do so.<\/p>\n\n\n\n

Also commenting was Cory Klippsten, a proponent of Bitcoin <\/a>(BTC). Klippsten urged anyone who suffered financial losses as a result of the Terra collapse to file a lawsuit against Do Kwon.<\/p>\n\n\n\n

On the other hand, expert Hailey Lennon feels that the public should not pay attention to the Do Kwon interview. Because she felt the link didn't merit clicks, she decided not to share it.<\/p>\n\n\n\n

The most recent Do Kwon interview has drawn a lot of criticism. Some continue to maintain that Kwon is innocent and promote LUNA. A Twitter user said that the Terra CEO did not change the name of his daughter and is instead constructing a “better LUNA<\/a>.”<\/p>\n\n\n\n

Employees of Terraform Labs were prohibited from traveling in June by South Korean authorities. Kwon is already in Singapore, though, so the authorities might think of revoking his passport in order to start a thorough inquiry into him.<\/p>\n\n\n\n

South Korean authorities took action against those connected to the Terra collapse in July. Investigators searched 15 locations, including Upbit, Bithumb, Coinone, Korbit, and Gopax exchanges.<\/p>\n\n\n\n

The action was a response to the numerous legal complaints that the stablecoin<\/a> event had resulted in against the corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Do Kwon has broken his silence over the demise of the algorithmic stablecoin Terra USD (UST) and LUNA, this has triggered negative reactions from the crypto community. The Terra CEO continues to be unpopular with the community despite Kwon’s attempts to defend himself in an interview. Podcaster Eric Conner contrasted Do Kwon’s predicament to that […]<\/p>\n","protected":false},"author":12,"featured_media":27010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[9684,6200],"class_list":["post-33563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-do-kwon-2","tag-terra-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-90.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=33563"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/27010"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=33563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=33563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=33563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}