Do Kwon Addresses Rumors That He Cashed Out $2,700,000,000 From Terra Ecosystem Before UST Collapse

Do Kwon Addresses Rumors That He Cashed Out $2,700,000,000 From Terra Ecosystem Before UST Collapse


The embattled chief executive of Terraform Labs is adamantly denying whispers that he cashed out billions of dollars worth of Terra (LUNA) and TerraUSD (UST).

Rumors are circling on Twitter that Terra founder Do Kown used a borrowing protocol called “Abracadabra’s Degenbox” to cash out of LUNA and UST and into the stablecoins Tether (USDT) and USD Coin (USDC).

Kwon says the claim is “categorically false.”

Trending: BO POLNY DELETED!

“Two contradictory claims seem to exist where:

1. Do’s wallets are doxxed, and he still owns most of his LUNA through the airdrop
2. Do dumped all his tokens to make billions

A lane should ideally be picked. To reiterate, for the last two years, the only thing I’ve earned is a nominal cash salary from Terraform Labs, and

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend