Do Kwon Refutes Claims of Cashing Out $2.7 Billion Before the LUNA-UST Fiasco

Do Kwon is Terra’s founder and CEO. He has denied recent claims that he had cashed out $2.7 billion in cash before the UST/LUNA fiasco.

FatManTerra, a well-known anonymous Twitter account, made another big allegation yesterday. He claimed that Do Kwon, Terra’s founder and CEO, had borrowed $2.7 billion from Ancor to purchase UST. Do Kwon then used the staked UST to borrow more UST and put it into Anchor again.

It should be obvious that the claim that $2.7B was my cash from any item is false. He said.

The fatMan did not stop there. Kwon responded, but the account kept insisting on the founders’ wrongdoings and asking more questions that have yet to be answered. The mystery wallet that contained a 20M LUNA Airdrop. It was used to vote on Do’s proposal. It is now confirmed that the wallet belongs to Do Kwon. (1/3) pic.twitter.com/QqfBnk6Oxe

— FatMan (@FatManTerra) June 12, 2022

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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