Co-founder of Luna cryptocurrency denies fraud charges

In an interview with the Financial Times, Terraform Labs co-founder Daniel Shin said that the company was not aware of «any flaws» in the blockchain algorithm.

One of the most famous tech entrepreneurs in South Korea denied all accusations of fraud and explained that no one from Terraform Labs intended to deceive users. Daniel Shin doesn’t understand how this happened.

The recent collapse of the Luna token and the problems surrounding Terraform Labs have attracted the attention of the entire crypto community. Thus, Binance CEO Changpeng Zhao said he wanted to find out the truth about the Luna team’s fraud and asked an internal investigation team to look into Twitter insider FatMan’s accusations against Terraform Labs.