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Cryptocurrency News

Do Kwon dismisses allegation of cashing out $2.7B from LUNA, UST

06/13/2022

Less than a minute

2022.06.13 02:11

Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years.

Numerous unconfirmed reports surfaced on Saturday, claiming Kwon’s participation in draining liquidity out of Luna Classic (LUNC) and TerraUSD Classic (USTC), before the crash to purchase United States dollar-pegged stablecoin such as Tether (USDT).

Source

06/13/2022

Less than a minute