Did Do Kwon runaway with 2.7 Billion Dollars?

The founder of the now dead Luna / Terra stablecoin is now being accused of cashing out nearly 2.7 billion dollars before the now legendary collapse. Previous claims stated that he pulled out 80 million days before the black swan event.

The rumor surfaced after a Twitter thread by FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.

https://twitter.com/FatManTerra/status/1535623662153437185?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535623662153437185%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fweb3-newsletter.beehiiv.com%2Fp%2Fweb3-tldr-kwon-runaway-27-billion-dollars%3F_gl%3D1qfrnv3_gaNzA5ODI2NjU3LjE2NDgxMzQ4MDk._ga_E6Y4WLQ2ECMTY1NTEzODU0MS4yNDMuMS4xNjU1MTM4NTUyLjQ5

Numerous unconfirmed reports surfaced on Saturday, claiming Kwon’s participation in draining liquidity out of Luna Classic and Terra before the crash to purchase United States dollar-pegged stablecoin such as Tether.

There is still a lot to be uncovered, but as of now nothing has been proven and no one has been charged with any legal cases.

Written by: WarBiscuitNFT