Hacktivist group, Anonymous, has vowed to make sure that Do Kwon, the co-founder and CEO of Terraform Labs, is brought to justice as soon as possible over the collapse of the Terra ecosystem, which resulted in the crash of the algorithmic stablecoin TerraUSD (UST) and Terra (LUNA).
In a video purportedly published by the Anonymous hacker group, a long list of Kwon’s shortcomings was shared. The list of his wrongdoings includes cashing out $80 million each month from LUNA and UST before the historic crash of the two tokens and his role in the fall of stablecoin Basis Cash, for which Do Kwon allegedly co-founded under the pseudonym “Rick Sanchez” in late 2020.
We Are On Twitter: Follow Us
According to the hacker group, Kwon’s actions since he entered the crypto industry will be carefully investigated in order to expose his alleged crimes.
Anonymous noted:
“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible.
“Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light. There is no doubt that there are many more crimes to be discovered in your trail of destruction.”
Terraform Labs CEO is also criticized by Anonymous for his arrogant tactics in trolling his competitors and critics and acting as if he will never fail.
Anonymous is a decentralized international activist popularly known for orchestrating cyber attacks against government institutions, agencies, and private corporations. The group originated in 2003 on 4chan.
It is worth noting that there are multiple YouTube channels that either claim to be affiliated with the hacker group Anonymous. However, there is a general consensus that there is no official YouTube channel for the group, given its inherent decentralized and anonymous nature.
Follow us on Twitter, Facebook, Telegram, and Google News
In a recent interview, Graham Rodford, the CEO of Archax, conveyed a compelling outlook regarding…
XRP, a prominent cryptocurrency, has yet to regain its former glory. Despite a recent bounce…
David Schwartz, the Chief Technology Officer of Ripple Labs, has recently discovered his first tweet…
2024 is poised to be a landmark year for cryptocurrency, with BlockDAG leading the innovation…
Let’s dive into the price analyses of two established names in the crypto space, Bitcoin…
Binance, the world's largest cryptocurrency exchange, has been a strong supporter of the Terra Classic…