Topic: Terra cofounder Do Kwon is the one who is pumping Bitcoin - page 2. (Read 2436 times)
The South Korean prosecutor's office says that the prosecution has evidence that TFL CEO Do Kwon manipulated the price of LUNA, they also reported that they allegedly have correspondence between Kwon and a certain employee in which Do Kwon gives orders about such manipulations. The Korean edition of KBS reports (everything is in Korean by the link, but the meaning is clear with the translation) https://n.news.naver.com/article/056/0011367873
The "bounty hunters" decided to find Do Kwon, 4400 investors who lost funds in Luna created the UST Restoration Group (URG) group in order to find the founder of Terraform Labs, for which they are actively looking for his traces on the Internet.
I wonder if it was really impossible to just find a private detective in order for him to carry out the necessary work professionally.
Source: https://www.ft.com/content/1a7d82ff-9986-4890-99e8-048940ce8553
Archive: https://archive.ph/lUc7q
I wonder if it was really impossible to just find a private detective in order for him to carry out the necessary work professionally.
Source: https://www.ft.com/content/1a7d82ff-9986-4890-99e8-048940ce8553
Archive: https://archive.ph/lUc7q
It seems like you aren’t hearing much about Do Kwon lately since he officially went in the run. Crazy that people are starting to take matters into their own hands. This situation quickly turned into fuel for a Hollywood movie. Now that Do Kwon is running, he better hope he doesn’t ever get caught. It seems like he took a defensible position for himself and turned it into something that’s going to definitely ruin the rest of his life. When this is all over, I’m sure he’ll have a lot of regrets.
The "bounty hunters" decided to find Do Kwon, 4400 investors who lost funds in Luna created the UST Restoration Group (URG) group in order to find the founder of Terraform Labs, for which they are actively looking for his traces on the Internet.
I wonder if it was really impossible to just find a private detective in order for him to carry out the necessary work professionally.
Source: https://www.ft.com/content/1a7d82ff-9986-4890-99e8-048940ce8553
Archive: https://archive.ph/lUc7q
I wonder if it was really impossible to just find a private detective in order for him to carry out the necessary work professionally.
Source: https://www.ft.com/content/1a7d82ff-9986-4890-99e8-048940ce8553
Archive: https://archive.ph/lUc7q
However, Do Kwon denies that the funds frozen on the accounts of Kucoin and OKEx belong to him, I wonder what he does if he doesn't even have time to trade, and he doesn't have accounts on these exchanges, it would be surprising if he recognized these funds as his own.
Of course he's going to say that... I'm sure the funds belonged to whatever bad guy was helping him launder his money and now that their funds are frozen they're probably searching for Do Kwon along with the rest of the world. If he doesn't turn himself in sometime in the next two weeks, the charges against him will start to build up and he'll find himself getting forcefully arrested at gunpoint. I think it's safe to say that by Halloween he will either be in jail, or no longer able to claim that he isn't a criminal on the run from the law.
However, Do Kwon denies that the funds frozen on the accounts of Kucoin and OKEx belong to him, I wonder what he does if he doesn't even have time to trade, and he doesn't have accounts on these exchanges, it would be surprising if he recognized these funds as his own.
https://twitter.com/stablekwon/status/1577639160692854784
https://twitter.com/stablekwon/status/1577639160692854784
It appears the cryptospace has found a bigger celebrity investor than Michael Saylor or Elon hehehe. His name is Do Kwon, the cofounder of Terra, who was also the cofounder of blockchain project Cosmos. According to other news articles, $3 billion is only the beginning. Terra will invest $10 billion in total in bitcoin to use as a reserve asset for Terra UST stablecoin.
They run away from responsibility by making the price of Terra to zero, they can still sit back like in the photo at that time? If they're big investors, why are they acting like freaks?Maybe many investors feel disappointed with what they do on a project. Not only investors, but their team who are really serious in developing the project also feel disappointed with them.
I read a lot of news regarding Luna's death, including that he and Luna's old team cleaned out their office and sold their property 2 days before luna started to fall, if that news is true then he is the mastermind behind it all. Recently there was also news that he transferred 3,300 BTC to 2 exchanges to continue dispersing assets. When luna crashed, they announced that they used all the btc they had to save UST and now where do they get 3,300btc to sell. What a surprise.
If this rumor is true then the crash of UST is intentional. No wonder the information of one of the Terra Labs wallet is involved in UST crashes. And I do not think that the moving out of Do Kwon from South Korea to Singapore days before the UST crash and LUNA crash is just a coincident. I think it was a move to evade the authority because they will know that after those incident they will be sanction or questioned by the South Korean authority.
I don't think he's involved in any projects, he ran away means he no longer has the right to run them.
Since when moving to other country means that you no longer have the right to run a project/company? AFAIK, Do Kwon hasn't resigned yet (unlike Mashinsky who resigned a few days ago) and is still CEO of Terraform Labs, meaning he is still running Terra. Since an average crypto investor has memory of a gold fish, I wouldn't be surprised if he doesn't reemerges with something new in the future.I read a lot of news regarding Luna's death, including that he and Luna's old team cleaned out their office and sold their property 2 days before luna started to fall, if that news is true then he is the mastermind behind it all. Recently there was also news that he transferred 3,300 BTC to 2 exchanges to continue dispersing assets. When luna crashed, they announced that they used all the btc they had to save UST and now where do they get 3,300btc to sell. What a surprise.
I didn't hear about that rumor, but of course people at the top knew what is eventually going to happen and that they are not able to "repeg" their failed stablecoin once shit hit the fan. 
If that's the case, isn't all the news published by the major newspapers fake? but there seems to be a rather calm move from Dokwon, he still uses twitter to reply to everyone and doesn't seem too scared by this red notice. If all the news in recent days is exaggeration, then the previous information about him is also not true. I don't think he is hiding in Singapore, he won't reveal his hiding place so easily. If Dokwon is not properly punished for his deceitful behavior, the market will increasingly appear 2nd and 3rd Dokwon...Scams will become more and more public in the market as there is no tie or penalty to them.
I think Do Kwon is only pretending to be unaffected. Something like a psy war. He needs to pretend because his projects is depending on his action. If Do Kwon show a little bit of worry, then all his project will surely take a hit from it. I think Do Kwon is scared and avoids the S. Korean authority. If he is confident enough that he is innocent, he can always face the trial head on and won't be hiding somewhere relying on social media.
I don't think he's involved in any projects, he ran away means he no longer has the right to run them. I read a lot of news regarding Luna's death, including that he and Luna's old team cleaned out their office and sold their property 2 days before luna started to fall, if that news is true then he is the mastermind behind it all. Recently there was also news that he transferred 3,300 BTC to 2 exchanges to continue dispersing assets. When luna crashed, they announced that they used all the btc they had to save UST and now where do they get 3,300btc to sell. What a surprise.
If that's the case, isn't all the news published by the major newspapers fake? but there seems to be a rather calm move from Dokwon, he still uses twitter to reply to everyone and doesn't seem too scared by this red notice. If all the news in recent days is exaggeration, then the previous information about him is also not true. I don't think he is hiding in Singapore, he won't reveal his hiding place so easily. If Dokwon is not properly punished for his deceitful behavior, the market will increasingly appear 2nd and 3rd Dokwon...Scams will become more and more public in the market as there is no tie or penalty to them.
I think Do Kwon is only pretending to be unaffected. Something like a psy war. He needs to pretend because his projects is depending on his action. If Do Kwon show a little bit of worry, then all his project will surely take a hit from it. I think Do Kwon is scared and avoids the S. Korean authority. If he is confident enough that he is innocent, he can always face the trial head on and won't be hiding somewhere relying on social media.
I do not know how Do Kwon can make these types of replies in social media if he is in a red notice list by interpol and if the government is really looking for him.
There is no Interpol red notice for him:
https://www.interpol.int/How-we-work/Notices/View-Red-Notices
It's either that the SK police haven't issued an international arrest but a local one or they haven't yet notified Interpol about this, after all the proof about the notice is from journalist claiming this has happened without any link to an official source.
Yes it is beginning to appear that everything in the news that was published recently were exaggerations of the truth and it appears Do Kwon is laughing at everything with this comedy show from the Korean government. Do Kwon is also presently in Singapore. I am not certain if there extradition agreements between South Korea and Singapore. There might not be anything. This is why Do Kwon is walking in the mall to have lunch with Eric Wall hehehehehe.
If that's the case, isn't all the news published by the major newspapers fake? but there seems to be a rather calm move from Dokwon, he still uses twitter to reply to everyone and doesn't seem too scared by this red notice. If all the news in recent days is exaggeration, then the previous information about him is also not true. I don't think he is hiding in Singapore, he won't reveal his hiding place so easily. If Dokwon is not properly punished for his deceitful behavior, the market will increasingly appear 2nd and 3rd Dokwon...Scams will become more and more public in the market as there is no tie or penalty to them.
Do Kwon is also presently in Singapore. I am not certain if there extradition agreements between South Korea and Singapore. There might not be anything.
There is no direct extradition treaty between the two countries but that just means that there is no automatic process, any country will extradite someone if it feels like doing so even if they don't have a treaty.
Probably that's what the SK government is doing rather than placing him on the Interpol list for real, but if negotiations fell they can cancel his passport and from there either Singapore will shield him based on ... god knows what or they will kick him out of the country. And that's the moment he will have to choose a destination where the police won't arrest him at the checking out based on the Interpol warrant.
From my point of view he is just stupid, he could have gotten away with a few months in prison and a fine and some assets gone but doing this he risks up to 10 years in prison and no judge will show clemency with that much media pressure. Plus, once on the Interpol list good luck trying to keep your assets, and good luck with corrupt officials that will shield you not to grab everything you have.
He should have learned from Mark Karpeles how it's done.
I do not know how Do Kwon can make these types of replies in social media if he is in a red notice list by interpol and if the government is really looking for him.
There is no Interpol red notice for him:
https://www.interpol.int/How-we-work/Notices/View-Red-Notices
It's either that the SK police haven't issued an international arrest but a local one or they haven't yet notified Interpol about this, after all the proof about the notice is from journalist claiming this has happened without any link to an official source.
Yes it is beginning to appear that everything in the news that was published recently were exaggerations of the truth and it appears Do Kwon is laughing at everything with this comedy show from the Korean government. Do Kwon is also presently in Singapore. I am not certain if there extradition agreements between South Korea and Singapore. There might not be anything. This is why Do Kwon is walking in the mall to have lunch with Eric Wall hehehehehe.
I do not know how Do Kwon can make these types of replies in social media if he is in a red notice list by interpol and if the government is really looking for him. Him being in hiding and not cooperating might only be another exaggeration from mainstream media, Do Kwon has become crazy or he hired someone to use his social media accounts hehe.
I am also surprised that he is not in a state of distress with interpol red notices that will arrest him anytime in any country, even though he is only actively commenting and not updating his latest tweets, but I believe he is still managing his own account and will not allow anyone to use his account. I believe he is hiding to cover up his true condition under pressure to be arrested and will be tried in court. I do not know how Do Kwon can make these types of replies in social media if he is in a red notice list by interpol and if the government is really looking for him.
There is no Interpol red notice for him:
https://www.interpol.int/How-we-work/Notices/View-Red-Notices
It's either that the SK police haven't issued an international arrest but a local one or they haven't yet notified Interpol about this, after all the proof about the notice is from journalist claiming this has happened without any link to an official source.
Terraform Labs believes that the South Korean prosecutor's office exceeded the limits of its authority in relation to issuing an arrest warrant for the co-founder of the firm Do Kwon. The representative of the company also refused to name the location of Do Kwon, citing the ever-present constant danger to him and his family.
Source: https://www.coindesk.com/business/2022/09/28/terraform-labs-calls-korean-authorities-arrest-warrant-for-do-kwon-overreach-report/
Archive wsj: https://archive.ph/MFJlS
As they say, the defendant has money and apparently not small money, so it remains only to monitor the development of events.
Source: https://www.coindesk.com/business/2022/09/28/terraform-labs-calls-korean-authorities-arrest-warrant-for-do-kwon-overreach-report/
Archive wsj: https://archive.ph/MFJlS
As they say, the defendant has money and apparently not small money, so it remains only to monitor the development of events.
^^ I might be wrong, but I thought that he is on the custody of the South Korean regulator? If not then clearly he is on the run already and we don't know if he is going to surface and face everything in the court.
And him answering his social media could be taunting the government and everyone doing the investigation. Unless the authorities goes to the media and present him again so that we will get some assurance or at least his victim will not feel that they have been abandoned or something.
And him answering his social media could be taunting the government and everyone doing the investigation. Unless the authorities goes to the media and present him again so that we will get some assurance or at least his victim will not feel that they have been abandoned or something.
I do not know how Do Kwon can make these types of replies in social media if he is in a red notice list by interpol and if the government is really looking for him. Him being in hiding and not cooperating might only be another exaggeration from mainstream media, Do Kwon has become crazy or he hired someone to use his social media accounts hehe.
The South Korean authorities have already appealed to the Kucoin and OKX exchanges with a request to freeze 3313 BTC, which, according to their information, may be associated with the co-founder of LFG Do Kwon. It remains to wait for the reaction of the Kucoin and OKX exchanges to this appeal, I think it will be satisfied.
Source: https://cointelegraph.com/news/report-korean-authorities-orders-freeze-of-67m-of-bitcoin-tied-to-do-kwon
Source: https://cointelegraph.com/news/report-korean-authorities-orders-freeze-of-67m-of-bitcoin-tied-to-do-kwon
It is reported that 3313 BTC that are associated with LFG started moving immediately after the request of the South Korean authorities made through Interpol for the arrest of Do Kwon, with Binance they were moved to KuCoin and OKX, writes coindesk Korea.
https://www.coindeskkorea.com/news/articleView.html?idxno=81514
https://www.coindeskkorea.com/news/articleView.html?idxno=81514
They have 3313 coins after the failure of Luna? Why did they not use this to defend the peg? CZ tweeted that if Do Kwon and his team sold some of their bitcoins from the treasury and defended the peg much earlier when UST began falling to $0.97 or $0.98, the failure would not have occured and they would have saved the project. We can only speculate on his argument if it is right, however.
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