Anonymous is digging deep into his past, including his time before joining the industry. Anonymous is a decentralized multinational renowned activist group. Anonymous has vowed to bring Do Kwon to justice as soon as feasible in the wake of the May collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems,
In a recent interview, Terra co-founder Do Kwon expressed his “devastation” in the LUNA collapse which made thousands of investors impacted by the crash. JUST IN: #Terra founder Do Kwon says in an interview that he has been 'devastated' by the $LUNA collapse. — Watcher.Guru (@WatcherGuru) June 23, 2022 The
The Do Kwon fraudulent investigation began. Kwon was discovered to have stolen revenue by avoiding 50 billion won ($39 million) in taxes. Do Kwon is being investigated for tax fraud by the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team. The National Tax Service discovered that
An unknown wallet holding 20M LUNA is accounted to be Kwon’s. Terra Revival Plan voting poll seems to have been compromised. The allegations on Do Kwon seem to be never-ending, $80M transfer to a secret wallet, $2.7B cash out, blockchain halt planning, stablecoin recursion, and much more. The recent clarification
Kwon could repurchase stablecoins by lending them back to himself. Do Kwon didn’t care that Anchor’s long-term survival was in jeopardy. According to the definition of Terra’s UST, it should have always been redeemable for one dollar. UST used an algorithm to maintain its peg instead of using a central
South Korea’s National Tax Service ordered Kwon to pay 100 billion won. Terra employees confirmed that $80 million was transferred. Terra LUNA’s dramatic crash grabbed US Security Exchange Commission’s (SEC) attention and SEC reported that Terra LUNA founder Do Kwon was involved in money laundering activities. Terra employees reportedly confirmed
As a matter of fact, the crypto fever started earlier this month and the panic level raised among the entire crypto market. Being in this state, $LUNA – a popular crypto token which was waving its flag high, suddenly dropped down hitting to the lowest at $0. As soon as
The Terra LUNA and UST dead down to $0, obviously could be the most highlighted tragedy upon the crypto industry for the year 2022. Many who were rich, came down crumbling. The Bitcoin (BTC) being tragically falling below $30K, waved the entire crypto industry too. Both from the stables of
Earlier this week, Terra completed a $176 million acquisition. LFG purchased Avalanche (AVAX) coins for $100 million last week. Announcing the purchase of another $100 million in Bitcoin, Terraform Labs co-founder Do Kwon took to Twitter. 42,406 Bitcoins worth $1.7 billion are presently in the LFG’s Bitcoin wallet. Earlier this
Terra’s LUNA has been the best performing altcoin for the past few years while the activities of its network have been effective. The co-founder of Terra has actively been posting a couple of updates earlier this month regarding BTC reserves. Following this, Terra purchased about $125 million worth of Bitcoins
