HomeAltcoinTerra: Do Kwon's breaking of the silence elicits reactions from the public.

Terra: Do Kwon’s breaking of the silence elicits reactions from the public.

-

Do Kwon is allegedly “partying” while Tornado Cash developers are running for their lives, according to podcaster Eric Conner.

The community reacted negatively to the Terra CEO as co-founder and CEO Do Kwon broke his silence regarding the failure of the algorithmic stablecoin TerraUSD Classic (USTC) and LUNA 2.

The Terra CEO continues to be unpopular with the community despite Kwon’s attempts to defend himself in an interview. Podcaster Eric Conner compared Do Kwon’s predicament to that of the Tornado Cash developer who has been detained in a tweet. Conner claims that while Tornado Cash developers wrote some code for privacy and are now “fearing for their lives,” Kwon defrauded billions of dollars and is still “partying.”

Additionally, crypto analyst FatManTerra commented on Kwon’s interview. The interview was dubbed a “nothing burger” by the researcher. According to a tweet from FatManTerra, the CEO of Terra lied on a number of occasions during the interview and attempted to describe fraud in a way that avoided being implicated but failed to do so.

Also commenting was Cory Klippsten, a proponent of Bitcoin (BTC). Klippsten urged those who suffered financial losses as a result of the Terra collapse to file a lawsuit against Do Kwon. On the other hand, analyst 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.

While the most recent Do Kwon interview has received a lot of criticism. Some continue to promote LUNA 2 and claim Kwon is innocent. A Twitter user claimed that the Terra CEO did not change the name of his daughter and is instead constructing a “better LUNA.”

Cory Klippsten, a proponent of Bitcoin, added his thoughts as well (BTC). Klippsten pleaded with those who experienced monetary losses as a result of the Terra collapse to sue Do Kwon. Analyst Hailey Lennon believes that the public should not pay attention to the Do Kwon interview, on the other hand. She made the choice not to share the link because she didn’t think it was worth clicking.

Nevertheless, the most recent Do Kwon interview has drawn a lot of flak. Some people keep pushing LUNA 2 and insisting Kwon is blameless. According to a Twitter user, the Terra CEO is building a “better LUNA” rather than changing the name of his daughter.

Leave a Reply

LATEST POSTS

The last phase of Ripple process has begun.

The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has entered its final phase, according to Ripple CEO Brad Garlinghouse. Both...

Circle, a USDC issuer, has terminated its SPAC merger with Concord.

The circle was previously valued at $4.5 billion in July 2021, before being raised to $9 billion in February 2022. Circle, the creator of the USD...

For the community, the new Cardano algorithmic stablecoin reawakens old fears.

"I thought we already figured this out, algorithmic stablecoins aren't the best option," a Twitter user wrote. With the recent announcement that Cardano is on track...

Cryptocurrency exchange Kraken lays off 1,100 employees.

One of the biggest cryptocurrency exchanges in the world, Kraken, is reducing its workforce by about 30%, or 1,100 people, in order to "adapt to...

Follow us

0FansLike
3,691FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img
%d bloggers like this: