Do Kwon Speaks On the Chance of Burning His Terra Classic (LUNC) Holdings

Do Kwon, the founder of the imploded Terra blockchain, has recently stated that he won’t be able to help in burning LUNC tokens because his LUNC “is probably worth like a candy bar” at the moment.

Kwon said this in response to a supposed Terra Classic community member, who charged him to burn all his LUNC holdings in order to fast-track the much-anticipated revival of LUNC in the market.

Read Also: Do Kwon Debunks Assets-Freezing Claims, Says Terra Case is “Highly Politicized”

Speaking about how some country leaders use crypto as a weapon against their own people, Do Kwon wrote, “It’s no surprise that crypto is most popular in countries that weaponize state institutions against their own people for political gain. Reap what you sow – revolutions start from within.”

Reacting to Kwon’s last statement, the user asked, “Revolutions start from within!? #Lunc will you burn?

Do Kwon responded, “My Lunc is probably worth like a candy bar at this point.”

Do Kwon Says No Funds Have Been Frozen

Do Kwon has also responded to the rumor about his purported frozen funds.

A report from CoinDesk claimed that prosecutors from South Korea have frozen $39.6 million worth of crypto linked to the Terraform Labs founder.

According to the report, authorities in South Korea also instructed OKX and KuCoin to freeze 3,313 BTC worth around $67 million a couple of weeks ago.

However, Kwon has debunked the news, tagging it as fake. He stated that he has no account with both Kucoin and OkEx. He also said he has no time for trading, which implies that no funds were frozen as claimed.

Read Also: Terra (LUNA) Founder Do Kwon Slammed With Fresh Class Action Lawsuit over TerraUSD (UST) Crash

Do Kwon noted:

“I don’t get the motivation behind spreading this falsehood – muscle flexing? But to what end? Once again, I don’t even use Kucoin and OkEx, have no time to trade, no funds have been frozen. I don’t know whose funds they’ve frozen, but good for them, hope they use it for good.

“Hope they don’t use it on attempting to prosecute the opposition candidate for the presidential election, or to put half the country’s living former presidents in jail.”

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