August 15, money The platform will air the first video interview with Dokwon since the collapse of the Terra ecosystem.
Fat ManteraIt’s attracting attention by trying to clarify what happened.
Why not interview someone as neutral and respectable as Bloomberg or Fortune, and deal with the billions of dollars cashed out of the system?https://t.co/jSiCS0REhP
— Fat Man (@FatManTerra) August 14, 2022
The UST stablecoin that underpinned the Terra ecosystem lost its dollar peg on May 8th, sparking a series of events that rocked the cryptocurrency industry.according to bloomberg newsthe collapse directly cost investors $83 billion.
Several allegations of dirty deals have since come to light, including siphoning funds by Do Kwon, using shell companies to launder money, and whistleblower reports of the involvement of organizations like Jump and FTX.
Do Kwon has always claimed he was innocent of any wrongdoing and blamed it on vulnerabilities in the algorithmic stablecoin architecture.
Money Accused of Prejudice
Co-founder of Trustless Media Zach Guzman We took to Twitter to publish an exclusive interview with Terra founder Do Kwon.
Accompanying the tweet was a short teaser video showing snippets of the interview. It featured a soundbite of Do Kwon answering key questions, including his take on user loss and the justification for using algorithmic stablecoins.
“Algorithmic stablecoins were starting to become the industry standard. I bet big and I think I lost.”
In response, FatManTerra spoke directly to Do Kwon and asked why Coinage, who heavily promoted Terra before its collapse, was chosen to conduct the interview. He also wondered if Dokwon was talking about the claims that he siphoned billions of dollars.
Guzman Coinage responded by alluding to being a respectable press. And Terra users themselves lost money. Describing his Terra coverage for Coinage, Guzmán said it was destined to be cryptocurrency’s biggest success or failure, hinting that the hype was justified.
@FatManTerra more admirable? I was a Terra user just like you.Also, it’s kind of weird that you’re acting like you didn’t try to reach out to you for this.
Of course we also covered Terra.It has always been either crypto’s biggest success or biggest failure
— Zach Guzman (@zGuz) August 14, 2022
money We have established ourselves as the platform that answers the biggest questions in the crypto industry. Its backers include his CEO of FTX, Sam Bankman-Fried, and his AVA Labs president, John Wu.
Overall, social media replies suggest a belief that Do Kwon deliberately caused the Earth’s collapse for self-interest.
Comments on the teaser video 1 Twitter user Said. [sic] There is no room for smirking,” considering the devastating human impact of the collapse.
another Citing the ongoing CeFi bankruptcy, he noted that the crypto industry has yet to recover from the meltdown. Furthermore, as a final injustice, Do-kwon doesn’t seem to be suffering financially.
To access interviews, users need to create a free NFT that costs only Ethereum gas fees. Coinage will post the interview on his YouTube on August 15th at 12pm.