16 August 2022
The Anonymous hacktivist group vows that they will expose Terra co-founder Do Kwon’s shady dealings.
Yesterday, a video was circulated from the Anonymous hacker group talking about the Kwon’s alleged wrongdoings, including cashing out $80 million each month from LUNA and UST before its collapse, as well as his role in the fall of stable coin Basis Cash, for which Do Kwon allegedly co-created under the pseudonym “Rick Sanchez” in late 2020:
“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.”
The hacker group stated it would be looking into Do Kwon’s actions since he entered the crypto space to expose his alleged crimes.
“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.”
The group also criticized Kwon for his “arrogant tactics” in trolling competitors and critics and “acting as if he would never fail.”
There are supporters on the YouTube video and Twitter with one commenter calling Anonymous the “Robinhood of today.”
It also received criticism on the r/CryptoCurrency subreddit, where users criticized the hacker group for issuing an empty threat against Kwon and providing no new information to the public, with one commenter saying:”
“Anonymous is so teen bop now [...] This anon video is so non-threatening it's almost bizarre.”
It seems that Kwon will have bigger threats to worry about.
Currently, the TerraForm Labs and its founder are under investigation in South Korea. U.S. authorities have also indicated an interest in investigating the company for fraud and breach of rules.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.