Do Kwon neagă că a încasat LUNA în valoare de 2.7 miliarde de dolari înainte de The Crash

Do Kwon, Terraform Labs CEO, dismissed the allegations of that he cashed out $80 million every month consistently for nearly three years before the collapse of sister tokens Luna Classic, formerly LUNA, (LUNC) and TerraUSD Classic (USTC).

The issue occurred on Saturday, June 11, after numerous unconfirmed reports surfaced claiming the CEO’s participation in draining the liquidity out of the two tokens, before the crash to purchase United States dollar-pegged stablecoin such as Tether (USDT).

The depegging of the USTC and the collapse of LUNA last month wiped out billions from the tokens’ market value leaving several investors and holders with huge losses. (Read more: Ce sa întâmplat cu USDT, UST și LUNA)

Rumors about Kwon cashing out Terra’s crypto token reserves surfaced after a Twitter thread by a whistleblower from the Terra community forum, FatMan Terra, where he made allegations against the CEO, who is currently facing investigations from the US Securities and Exchange Commission (SEC) and the Seoul Metropolitan Police. 

On the other hand, Kwon stated that the crypto community must stay away from fueling the rumor until it was proven true.

“This should be obvious, but the claim that I cashed out $2.7B from anything is categorically false,” Kwon stated.

Further, he noted that the recent rumor of cashing out $80 million per month contradicts the allegations that he still holds most of his LUNA holdings, procured during the airdrop. 

Moreover, Kwon stated that his income over the past two years has only been a cash salary from TerraForm Labs (TFL).

After the LUNA and UST crash, Do Kwon a propus revitalizarea Terra Blockchain by resetting the network ownership to 1B token. On May 28th, Luna 2.0 was reactivated then immediately fell to $5.98 or down more than 70% after the blockchain Terra relaunched. (Read more: Prețul Luna V2 crește, apoi scade la 5 USD imediat după relansare)

Binance CEO Changpeng “CZ” Zhao priorly questioned the proposal of hard forking the Terra blockchain as a means to revive the once-thriving Terra (LUNA) and TerraUSD (UST) ecosystems. (Read more: Luna, actualizare UST: CEO-ul Binance este dezamăgit de modul în care este gestionată colapsul prețurilor Luna și UST)

Acest articol este publicat pe BitPInas: Do Kwon neagă că a încasat LUNA în valoare de 2.7 miliarde de dolari înainte de The Crash

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• Source: https://bitpinas.com/cryptocurrency/do-kwon-denies-cashing-out-luna-crash/