Tag: Do Kwon

Kwon unveils another plan to revive ebbing Luna.   On Monday, the Terraform founder and CEO unveiled another plan to save Terra’s sinking ship from extinction. This plan, shared on Twitter, includes forking Terra’s governance coin Luna and making the chain community-owned. What Went Down, Literally In spite of the death blow dealt to both Terra coins recently, the cryptocurrencies continue to find ways to stay alive. Last week, Terra's LUNA dropped from $85 value to less than nothing. Its…

Report claims Terraform scammed over 1000 Singaporeans. A “concerned” Singaporean citizen has reported Do Kwon, creator of the ravaged LUNA coin to the police. According to a post made on Reddit, the reporter claims to have filed the complaint on behalf of all Singaporeans affected by the crash of Terra's Luna. The post made in the early hours of today, contained a picture of the said report. In it, the complainant claimed that they knew over 1000 of their countrymen…

Earlier this month, Terra co-founder Do Kwon claimed that there is “entertainment” in watching companies die. In an interview with the chess streamer Alexandra Botez, Kwon stated confidently that 95% of today’s crypto startups are “going to die”. While laughing it off, the co-founder also claimed that there is “entertainment in watching companies die too”. As of today, Do Kwon is under fire due to the de-pegging of TerraUSD – the dollar-pegged stablecoin of the Terra blockchain. The fallout has…