- FatMan mentions Do Kwon’s rebuke against SBF as ironical.
- The crypto researcher says Do Kwon tried to make himself look better after the Terra crash.
- FatMan also specified that both Do Kwon and SBF fall into the same category.
Crypto and finance researcher FatMan rebuked Terra co-founder Do Kwon earlier today on Twitter. The researcher pointed out that he is disturbed by the irony that Do Kwon comes out of the woodwork and criticizes SBF for “scamming people and lying on Twitter. “
Stressing Do Kwon’s action as “truly disgusting behavior,” FatMan mentions Do Kwon as a grifter who thinks he can make himself stand better when compared to SBF. Fatman relies upon the fact that both Do Kwon and SBF are “cut from the very same cloth” because both these people made the news after their company was involved in fraudulent activities.
Alongside his personal thoughts, FatMan added the screenshot of Do Kwon’s tweet on May 10 that said “a recovery plan for $UST” would be announced soon.
However, by defeating the criticism by FatMan, a blockchain aspirant Pinetoad tweeted a post by Terra supporter Midas. The post read that FatMan was part of “TFL, a low-level dude who wanted to run an experiment called BasisCash that crashed.
Also, Midas referred FatMan’s source as “Hyungsuk Kang,” and said that FatMan built his whole case against Terra using this “source.”
Significantly, FatMan replied to Pinetoad that none of his unnamed sources are Hyungsuk. He defended against Pinetoad and said: “I have kept you unblocked to encourage an open dialogue, but if you repeatedly spam falsehoods, then I’ll have to block you to keep the feed clean. Last chance.” Samuel Bankman-Fried’s (SBF) FTX exchange and Do Kwon’s TerraLabs are going down the same plane as both companies collapsed due to financial fraud. Do Kwon’s Terra LUNA crash happened in May, whereas the FTX fallout occurred in November 2022.