Do Kwon made his first public look because the fall of Luna, with an interview he did with Coinage. There’s been a variety of detrimental sentiment in opposition to Do Kwon, with speculators believing that Do Kwon has additionally profited from the autumn of UST.
Properly, answering the speculations, Kwon got here out and explicitly stated that he by no means shorted a cryptocurrency in his life neither did he revenue from the autumn of Luna
Even so, there was some skepticism about Do Kwon’s claims. Take into account this- Twitter consumer FatMan, who claims to be a Terra insider, has been overtly vocal about Do Kwon cashing out on Luna. And, in one among his tweets, the consumer even defined how Kwon did it.
Regardless that Do Kwon denies all these claims, he’s nonetheless hesitant to return to Soutrh Korea and face the music like the remainder of his staff.
It’s not simply Do Kwon who has jumped ship. Properly, his authorized crew additionally ended up leaving amongst all of the chaos.
Regardless that Do Kwon has left the nation, Korea’s legislation enforcement has despatched notices to him to look in court docket. Curiously, Do Kwon has now geared up himself with a brand new set of legal professionals from a South Korean legislation agency to face the fees in opposition to him.
However his authorized troubles don’t finish right here, there have been a number of lawsuits which were filed in opposition to the Terraform Labs c0-founder within the USA with self-claimed whistleblower FatMan additionally concerned.
On this regard, FatMan added on his twitter account said,
“We will be joining the class action lawsuit filed in the U.S. by the international law firm Scott+Scott. We are also preparing actions in another jurisdiction. We demand a fair trial to uncover all of TFL [and] Do Kwon’s wrongdoings and so that justice can take its course.”
Though Do Kwon hasn’t appeared in court docket but, he did make some arguments about the way it all got here to be.
One of many issues he talked about within the interview was- how when there was a slight depegging that had occurred, Do Kwon tried to get one other spherical of $2 billion by promoting off some Luna. However due to an obvious mole, the information obtained leaked and the promoting strain elevated, which resulted in the entire calamity.
The court docket’s resolution and the end result of the lawsuits stay to be seen. However it seems that the folks within the crypto group have already made up their minds.
Properly, one of many many criticisms was about Kwon’s current interview. Individuals had been upset about his calm demeanor they usually felt that justice has been denied to them as Do Kwon remained in Singapore whereas the remainder of his crew has been going through costs.