- Do Kwon states that Korean regulators haven’t been in touch with him nor have filed any charges against him.
- In an interview with Coinage, Kwon talked about the failure of the Terra ecosystem.
- “I just didn’t think it would happen,” said Kwon when asked about the downfall.
Do Kwon, the infamous founder of the Terra ecosystem, states that Korean regulators haven’t been in touch with him nor have filed any charges against him. Ever since Terra’s collapse earlier this year, the tech entrepreneur has been under fire, with new allegations arising every few days.
In an interview with crypto news outlet Coinage’s reporter Zack Guzman, Kwon talked about the catastrophic failure of the Terra ecosystem. “I just didn’t think it would happen,” said Kwon when asked about what he thought of the 72-hour historic plummet. He went on to call himself the most hated person on the internet.
The most interesting part of the interview was when he was asked about co-founder Daniel Shin’s house being raided. Kwon stated that the Shin hadn’t been a part of Terra for a while now and that the raid had nothing to do with Terra.
We’ve never been in touch with the investigators. We’ve never been charged with anything.
However, this is not the news coming from South Korea. After Terra’s disastrous downfall, a series of class action lawsuits were filed against Do Kwon. The authorities also want Kwon to notify them once he returns to South Korea. Worst of all, former and current employees of Terraform labs are barred from leaving the country.
Talking about the meaning of fraud and about whether Kwon had committed fraud, the interviewer asked if he could be likened to Elizabeth Holmes, the biotech entrepreneur convicted of criminal fraud. “I don’t think that’s the case here,” said the former billionaire.
Regarding the interview itself, Twitter personality and crypto critic FatMan claimed that the reporter, Guzman, had been continually shilling Kwon and Terra for years. He further went on to ask Do Kwon why he wouldn’t have an interview with a more unbiased and reputable source like Bloomberg or Fortune.
Even within the comment section of the interview on YouTube, users were furious, asking why Do Kwon was repeatedly dodging questions and evading critiques of the ecosystem.