Key facts:
Anonymous says that Do Kwon always had bad intentions and took money from investors.
“There is no doubt that there are more crimes to discover,” the organization said.
The international group of hackers Anonymous announced that “they are investigating” Do Kwon, founder of the Terra Luna ecosystem, which in early May had a fall that caused enormous economic losses to its investors. “We are investigating his entire history since he entered the world of cryptocurrencies,” they detailed.
This was reported by the organization of activists through a video posted on YouTube. “There is no doubt that there are more crimes to be discovered in their path of destruction,” they sentenced. At the same time, they added that They will do everything possible so that the South Korean businessman is brought to justice as soon as possible.
Why is Anonymous going against Do Kwon? In short, the hacker organization believes that the fall of the Terra ecosystemreported by CriptoNoticias almost two months ago, was planned and allowed the developer to keep a lot of money of its investors.
As explained in the video, they believe that Do Kwon earned approximately 80 million dollars every month thanks to Terra projects. Although the South Korean businessman claims to have lost almost all of his money after the collapse of the ecosystem, the famous hackers do not believe him and think that he intentionally omits these monthly earnings in his statements.
“There is strong evidence that Do Kwon had bad intentions from the beginning.” In this excerpt from the video, a statement by Do Kwon is shown in which he talks about the “cycle of life” which is “starting with nothing and then having nothing again”. Among his ambitions for Terra, Do Kwon assured that the project would also end up “becoming nothing again”.
Also, he becomes aware of another previous Do Kwon project that also failed, Basis Cash. In this case, the Asian businessman was not held responsible for his investors’ loss of money. In that job, he used the pseudonym “Rick Sánchez”, inspired by the series “rick and morty”.
Other criticisms of Anonymous to Do Kwon
In their publication on YouTube, with the now traditional mask and distorted voice, from the organization they express that “due to the macroeconomic context, it was likely that hard times would be experienced in the industry regardless of what happened internally, but Do Kwon, knocked down hard by the markets, is solely responsible for defrauding investors out of billions of dollars.”
Beyond accusing him of fraud, Anonymous also criticized the strategy that Do Kwon has used to increase his popularity., based on criticizing and making fun of their competitors. The Terra founder went on to admit that he enjoyed seeing other projects go down during an interview, as documented in the hacker group’s video.
The investigations against Do Kwon
Before this “threat” from Anonymous, Do Kwon was already facing serious accusations that also led to judicial investigations. In his home country, a group of Terra users launched a class action lawsuit against the company.
Although the leader of the Terra project denied having received USD 2.7 billion from the reserves of the former stablecoin terra USD (UST), all eyes are on him, his background and his suspicious actions at the helm of Terra.
Now, the powerful group of hackers Anonymous is added, which in the past has been able to put personalities of the caliber of Elon Musk in the eye of the storm and has even left a large part of the darknet inoperative.