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After facing a series of allegations from Terra insider FatMan, Do Kwon is now a target of a hacktivist group. The Terra insider said Kwon was greedy for money and that he rose through the ranks thanks to nepotism.
‘Do Kwon Scammed Investors’
In a video published earlier on Monday, the group named ‘Anonymous’ started by saying, “This is a message from anonymous for Do Kwon.”
Anonymous blamed Kwon for single-handedly scamming billions of dollars. Earlier this month, Binance CEO CZ ordered for an investigation against Kwon over similar allegations.
“We were also due for another bear market this year. But the actions of Do Kwon, the founder of the Terra Luna ecosystem is single-handedly responsible for scamming billions of dollars away from retail investors. Do Kwon made a name for himself with his arrogant tactics trolling competitors critics and acting like he would never fail.”
The group also mentioned that Kwon made fun of failing projects in the crypto space. “In fact, he said that he found it entertaining to watch other projects.” The hacktivists shared a clip of Kwon making the statement.
About Kwon’s Cashing Out
Anonymous stated that reports suggested Kwon’s cashing out of over $80 million each month when Luna was successful. “In a recent Twitter post, Do Kwon denied cashing out $2.7 billion. But that doesn’t account for the $80 million each month that he was apparently taking.” He claims that he lost most of his money along with everyone else in the market.
The information that he was taking millions from the protocol each month comes from testimony of Terra Labs employees during interviews with the SEC, they said. In their closing statement, Anonymous warned Kwon to be prepared for consequences for the alleged damage he created.
“Do Kwon, if you are listening, sadly there is nothing we can do to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible.”
They also revealed that the hacktivist group is actively looking for more clues from Kwon’s history since he entered the industry. “Anonymous is looking into Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light.”
Meanwhile, Terra Classic is trading at $0.000075, up 27.79% in the last 24 hours, according to CoinMarketCap.
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