- Coinage tweeted about the different labels given to SBF and DO Kwon after committing crimes.
- TCB mentioned Coinage’s tweet highlighting the differences.
- Both the platforms put forward question to the community to see if Do Kwon was an ambitious man with a failed project.
TCB, the Twitter platform posted a tweet mentioning the question raised by the media platform Coinage regarding the allegations on CEO of the crypto exchange FTX, Samuel Bankman-Fried and Do Kwon, the fugitive CEO and the co-founder of the blockchain platform Terraform Labs.
Both the tweets referred to the way in which the former is labeled a “criminal” while, Kwon, is described just as “failed at an ambitious project”.
Previously, on December 18, Coinage tweeted about how differently the crimes committed by both SBF and Do Kwon are categorized. The platform put forward an open-ended question to the crypto community asking whether Do Kwon had been just an “ambitious man”:
After FTX filed for bankruptcy, the Securities and Exchange Commission (SEC) charged SBF for illegally acquiring a huge sum of money from FTX holdings. According to the recent revelations, SEC has charged SBF for “orchestrating a scheme to defraud equity investors in FTX”:
We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto.
Another important case that shook the crypto world was the allegations over Do Kwon; his employers reported to the SEC that he has cashed out $80 million “a month prior to the LUNA and UST crash”.
Though Do Kwon has been charged with defrauding his investors, he is still seen as a man fallen prey to the “failure of an ambitious project”.
In an interview, Do Kwon told that the investigators haven’t charged him with anything:
It’s kind of hard to make that decision because we’ve never been in touch with the investigators. They’ve never charged us with anything.
Notably, the community responded to the tweet with both supporting and opposing arguments. While some completely agreed that the case of Kwon was just a matter of “technical failure”, others strongly opposed it by saying that it cannot be called a “failed project” if it’s “attacked by a criminal”.
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