Terra Founder Do Kwon Says Luna Collapse ‘My Responsibility Alone’


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Terra Founder Do Kwon Says Luna Collapse ‘My Responsibility Alone’

Terra (LUNA) founder Do Kwon has stated in a latest podcast interview that the collapse of Terra attributable to design weaknesses is “my responsibility alone,” whereas admitting that “it’s not easy” to come clean with the duty.

Speaking in an interview with host Laura Shin on the Unchained Podcast, Do Kwon admitted that there might have been points with Terra’s design that contributed to its downfall and that he’s accountable.

“Whatever issues existed in Terra’s design, its weakness [in responding] to the cruelty of the markets, it’s my responsibility and my responsibility alone,” Kwon stated.

The controversial crypto entrepreneur added that he’s nonetheless bothered by the truth that so many customers had been let down and damage attributable to Terra’s collapse.

“So, for the community […] the downfall of the companies that chose to build on Terra, for the hundreds of thousands if not millions that used Terra currency [and] the Terra ecosystem which was all built on the stability of UST, I own up to that responsibility fully, and it’s not easy,” he stated.

No touch upon whereabouts

Asked by present host Laura Shin about his present whereabouts, Do Kwon declined to reply, though it’s clear that he’s not in his native South Korea. In addition, police in Singapore, the South East Asian city-state that Do Kwon till not too long ago lived, have confirmed that he’s not there.

“It’s not in the interest of being on the run […] that I don’t want to disclose where I live, it’s just that every time the location where I live becomes known, it becomes almost impossible for me to live there,” Kwon stated.

He went on to elucidate that there have been “lots of situations” throughout the market crash in May when his private safety got here below menace attributable to folks coming to his place of residence. That is “the main reason why I don’t want to talk about my location to the media,” he stated.

In September, police in South Korea issued an arrest warrant for Do Kwon, which the Terra founder later claimed was extremely politicized.

Shortly after the South Korean arrest warrant was issued, the International Criminal Police Organization, higher often known as Interpol, issued a Red Notice for Do Kwon. An Interpol Red Notice is the highest-level request that Interpol points, and successfully asks police places of work worldwide to “locate and provisionally arrest” the person in query.

Compiled by Coinbold

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