Do Kwon breaks the silence: Terra-Luna ... was essentially my life

Do Kwon breaks the silence: Terra-Luna ... was essentially my life

The founder of Terra, do Kwon, has largely held out of the spotlight since the collapse of his showcase project in May. But in A new interview With Zack Guzman for coinage, the CEO of Terraform Labs reflects its current predicament.

kwon justified his confidence that he now admits, "super irrational", with the market success of his Terra ecosystem, since it "approached the 100 billion dollar brand".

"I never thought about what could happen to me if this fails," said Kwon.

The Creator of Terra said that there was probably an insider at Terraform Labs who used information about the weaknesses of the protocol to benefit from it - although he does not call anyone - but added: "I, and I alone, I am responsible for all weak points that would have presented his skills so that an empty seller can start to take profits.

'Down

While the paper billionaire cannot quantify his losses, Kwon described that he was "infinite".

"There are probably not too many people who live with this kind of experience, but it is as if I have lived and breathed terra in the past five years," he said.

He said Terra was not a Ponzi system because the first investors are most affected by the crash. Kwon is faced with other possible legal risks with allegations of fraud in South Korea.

"So what we will do is that we simply publish the facts as we know them. We will be absolutely honest and deal with all possible consequences," he said to Guzman.

KWON, who had moved to Singapore before the Terra crash, said he had done this out of fear of the security of his wife and child.

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The contribution do kwon breaks Silence: "Terra-Luna ... what essentially my life" is not a financial advice.