Terra investors claim the voting process to create a new chain is fake.

19 May, 2022

Terra investors on social media are alleging that Do Kwon is manipulating the ongoing voting process that would decide creation of a new chain. 

Terra founder Do Kwon had proposed a creation of a new chain without the algorithmic stablecoin after LUNA’s collapse.

As of now, over 150 million votes have been casted with a vast majority voting in favor of a new chain.

However, some Terra investors are calling this voting process fake. 

Over 16 million votes in favor of a new chain were recorded within minutes after the voting process went live. 

Several others on Twitter also alleged that the voting exercise is being rigged in favor of the team’s goal.

Do Kwon continues to find himself in deep trouble. As reported earlier, South Korean investors are suing the Terra founder for fraud.