Daniel Shin, co-founder of Terraform Labs, denies involvement in Terra Network's collapse, blaming former CEO Do Kwon for bad policies. Despite leaving the company in 2020, South Korean authorities charged Shin for breaching capital markets laws, which he denies, citing his exit in 2022. The crypto community views crashes as outcomes of poor executive decisions, regulations, and market downturns. Anchor Protocol's downfall, part of the Terra Network, worsened the situation. Shin faces allegations of profiting from token issuance despite knowing the platform's fall. Do Kwon, now jailed in Montenegro, faces extradition threats and maintains innocence in a SEC lawsuit over Terra-linked assets.