Do Kwon voted for his own cryptocurrency projects using secret wallets

An anonymous FatMan informant on Twitter accused Do Kwon, CEO of the infamous Terraform Labs, of vote rigging. According to FatMan, Kwon used secret wallets to vote for his proposals at Terra Labs.

«Gotcha. The secret wallet with the 20 million LUNA airdrop that voted for Kwon’s own proposals: North Star delegation, ASTRO insider trading, etc. is officially confirmed to be Kwon’s own,» FatMan tweeted, posting his dialog with the «suspect» himself.

Caught. The 'mystery' wallet with a 20M LUNA airdrop that was voting on Do's own proposal, delegating to North Star, insider trading ASTRO, etc. — it is officially confirmed that it belongs to Do Kwon himself. (1/3) pic.twitter.com/QqfBnk6Oxe

— FatMan (@FatManTerra) June 12, 2022

The screenshot shows that in May, FatMan was interested in the secret wallet’s connection to Terraform Labs. At that time, Do Kwon explained that the wallet belonged to «the owner of the token purchase agreement with TFL (Terraform Labs)» and then refused to comment at all.

In subsequent tweets, the anonymous whistleblower published more accusations and examples of Do Kwon’s use of secret wallets in voting. According to FatMan, there were several wallets for voting and they were used repeatedly.

The information about the secret wallets may be true, as FatMan previously reported that a few months before Terra’s collapse, Do Kwon began transferring $ 80 million (100 billion won) to different wallets every 30 days. It was the revelation of this activity that raised suspicions of money laundering and other illegal fraud.