Terra founder claims he lost more personal money than anyone else in LUNA collapse.

May 20, 2022

Terra founder Do Kwon tried to clarify his personal involvement in the LUNA collapse.

Kwon claimed that he lost personally more money than anyone else in the ecosystem.

Replying to claims of pulling a con, Kwon said that he lost more personal money than anyone else in the ecosystem, and any reserves used were fully donated by tfl - not sure what I stole.

In another tweet, Kwon claimed that he is supporting the community and is working harder than ever on new Terra projects.

When asked about withdrawing $80 million every month from TFL, Do Kwon claimed that he never received founder tokens or any other compensation besides his cash salary .

Kwon wrote he believes that UST was the best chance to create decentralized money and still believes the problem space it operated in is important.

Terra Labs is currently facing lawsuits in different countries.