Luna founder Do Kwon denies the existence of a code that can cause token holders to lose their tokens

The relaunch ofthe Terra ecosystem has already started in a bad way — in addition to a sharp drop in the value of Luna tokens, community members continued to ask uncomfortable questions to the project’s founder, Do Kwon.

Do Kwon refuted the claim that Terra 2.0 has a «Ninja» code that ensures the transfer of all users' LUNA tokens to random validators. The issue of forced LUNA tokenization was raised by Twitter user @clayop: «Terra 2.0 seems to have a ninja code that ensures that all users' tokens are delegated to random (or pre-selected?) validators. In my opinion, this is unethical and against self-sovereignty. I have not seen any announcements about this code.»

Do Kwon decided not to waste time, and first of all accused the interlocutor of FUD. FUD is a deliberately created situation when rumors or unconfirmed news about a particular cryptocurrency affect its rate, which is deliberately beneficial only to a narrow segment of the audience.

Do Kwon noted that the problem of transferring or blocking tokens was highlighted in the Terra 1623 proposal. Kwon also added that @clayop may not have fully read Terra’s revival plan.

It is worth noting that the reluctance to go into details and the provision of sparse answers do not have the best effect on Kwon’s already undermined credibility. The latter can also be understood — a multi-million dollar fine and an upcoming trial will leave few people in a stable emotional state.