Do Kwon, the co-founder and CEO of Terraform Labs, has been facing tons of allegations from authorities and the general public since the collapse of the Terra ecosystem, which led to the crash of Terra (LUNA) now Terra Classic (LUNC) and depeg of TerraUSD (UST).
The recent allegation came from a Twitter user identified as THORchain.BULL, who said Do Kwon and Terraform Labs still have an enormous influence on the Terra Classic (LUNC) governance.
According to the crypto enthusiast, the governance vote that was launched to re-enable the LUNC delegation has not taken effect, making the asset remain without governance.
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THORchain.BULL tweeted, “There was a governance vote on LUNC to re-enable delegation. It’s still not re-enabled. What’s up with that @terra_money? I think TFL still has control over this. 700m+ of market cap is stranded with no governance/delegation.”
In response to this allegation, Kwon said the firm has no special control over the old Terra token.
“We have no control or any special privileges – the op of the gov proposal should coordinate with validators for a network upgrade.”
We have no control or any special privileges – the op of the gov proposal should coordinate with validators for a network upgrade
— Do Kwon 🌕 (@stablekwon) July 9, 2022
Read Also: Hacktivist group Anonymous Vows to Expose Do Kwon over Terra (LUNA) Collapse: Details
Why Pylon Gateway Users Are Not Paid Yet
In the same thread of tweets, another user asked of when Pylon Gateway users will be paid.
“When are you going to pay Pylon Gateway users?”
In response to the user’s inquiry, Kwon asked why he should pay Pylon Gateway users, “Why would _I_ pay pylon users.”
Why would _I_ pay pylon users
— Do Kwon 🌕 (@stablekwon) July 9, 2022
It should be noted that Pylon Gateway is a decentralized platform that facilitates the launching of utility tokens and governance systems.
Read Also: Do Kwon Says He’s Greatly Confident in Building Back a Stronger Terra Blockchain
The user further said, “Because you forgot to index those who had UST deposited in the Gateway Pools… and there is radio silence now going on a few weeks about any update regarding indexing then and airdropping users Luna V2 with community funds.”
Responding to the user’s assertion, Kwon reaffirmed the claim that Terra 2.0 is absolutely controlled by the community:
“Indexing is a public service – the tokens come from the community pool and tfl doesnt benefit from terra 2.0 – if you dont like the speed welcome to write code, get it audited and DIY.”
Indexing is a public service – the tokens come from the community pool and tfl doesnt benefit from terra 2.0 – if you dont like the speed welcome to write code, get it audited and DIY
— Do Kwon 🌕 (@stablekwon) July 9, 2022
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