Terra founder says he regrets making arrogant comments about UST in the past.

June 23, 2022

In an interview with Wall Street Journal, Do Kwon refuted claims of being a fraudster.

Terra ecosystem completely collapsed last month as it lost $40 billion in a matter of few days.

Do Kwon has been working since then to revive the system as he launched Terra 2.0.

“I have great confidence in our ability to build back even stronger than we once were,” Do Kwon told WSJ.

Do Kwon said he made confident bets and made confident statements on behalf of UST because he believed in its resilience and its value proposition.

“I’ve since lost these bets, but my actions 100% match my words,” Kwon added.

When asked about his tweets and comments he made in the past, Kwon said he really regrets some of the things he said in the past.