Doe Kwon calls on Sam Bankman-Fried to take responsibility for Luna’s collapse

Terraform Labs co-founder Do Kwon called on the bankrupt FTX cryptocurrency exchange and its founder Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried to tell the public the truth about the collapse of the Terra LUNA ecosystem. Thus, Kwon, who is wanted by Interpol and law enforcement agencies in 195 countries, hinted at SBF’s involvement in the collapse of the LUNA token and the UST stablecoin, which caused millions of investor losses.

This is fairly public knowledge at this point, but the large currency contraction that UST went through in Feb 2021 was started by Alameda, when they sold 500 mm UST in minutes to drain its curve pools during the MIM crisis

— Do Kwon 🌕 (@stablekwon) December 8, 2022

On his Twitter page, Do Kwon addressed the ex-head of FTX and representatives of the Genesis Trading brokerage, calling on them to confirm or deny the information about the involvement of these companies in the TerraUSD (UST) crash. The co-founder of Terraform Labs is convinced that Genesis Trading provided the Bankman-Fried platform with $ 1 billion worth of TerraUSD stablecoins.

«It is now common knowledge that the drop in the value of UST in February 2021 was initiated by Alameda when they sold 500 million UST in a matter of minutes to empty Curve’s liquidity pools in the wake of the Magic Internet Money crisis,» Do Kwon said.

The father of LUNA is convinced that Genesis Trading acquired billions of UST from Luna Foundation Guard and transferred them to FTX and Alameda before the UST was depreciated against the dollar, and Bankman-Fried used the funds to manipulate prices in favor of his companies — FTX and Alameda Research.

It is worth reminding that due to the large-scale collapse of FTX, which affected the entire cryptocurrency market, the risk of SBF’s extradition to the United States and his search, Bankman-Fried was increasingly compared to the infamous Do Kwon. The founder of Terraform Labs is wanted not only by Interpol but also by defrauded investors. For a long time, it was believed that Do Kwon was hiding in Singapore, and at the end of October it was found that he had moved to Dubai (where Benkman-Fried also wanted to escape).