Terra Founder says he did not profit from LUNA/UST collapse.

May 14, 2022

After almost three days of silence, Terra founder Do Kwon addressed the Terra community after LUNA/UST’s brutal collapse.

“I am heartbroken about the pain my invention has brought on all of you,” Do Kwon tweeted.

Do Kwon clarified that he or nor any institutions that he is affiliated with profited in any way from LUNA/UST collapse.

Terra founder also said that he did not sell any LUNA or UST during the crisis.

Kwon suggested several proposals to recover UST’s peg.

Kwon further urged to preserve the community and developers that make Terra’s blockspace valuable.

Will Do Kwon be able to gain the crypto community’s trust again?