The founder of the Luna cryptocurrency advised those who fell victim to the project’s collapse to take care of themselves

Terraform Labs CEO Do Kwon said that he is confident in the company’s ability to build «an even stronger cryptocurrency» after the UST/Luna token crash. Do Kwon shared his thoughts in an interview with The Wall Street Journal.

According to Do Kwon, he was very concerned about investors who lost the vast majority of their funds, which is probably why he decided to relaunch Terra at the end of May (so that investors would definitely be left«with nothing» and no longer have any reason to worry). Kwon said that he was «devastated» by the crisis that Terra had caused.

«I hope that all the affected families will take care of themselves and those they love,» he added «worriedly.»

Currently, Do Kwon and Terraform Labs are the targets of multiple lawsuits, with new allegations emerging almost daily. Some of his employees are no longer allowed to leave South Korea. However, the founder of Luna remains optimistic and «has great confidence» that the Terra project will be revived by developers, who, according to him, are actively writing various solutions for the new version of the ecosystem.