There seems to be a new update on Terra (LUNA) events. Apparently, an informant exposed Terra and Do Kwon for fraud and a number of factors that could cause investors billions of dollars in financial distress. Here are the details…
New claims about the project from the Terra (LUNA) team
A crypto investor and Terra fan, a few volunteers to provide information on what’s been happening at Terra lately He claims to have been contacted by Through his Twitter account (FatMan), the expert relayed a series of accusations alleged by whistleblowers. FatMan also quoted the allegations against Terra Founder Do Kwon, JUMP, Kanav Kariya and FTX CEO as follows:
“I know @stablekwon Jump’s bailout for May 2021 and told them I know exactly how much you owe each month as LUNA.
“@jump_ I know exactly what you did to drive individual investors to lose billions in UST, especially LUNA.
“@KanavKariya I know who is controlling you backstage, I know your Slack group has a 14 day retention window.
“I know about the 30 percent Serum deal with @SBF_FTX Jump and what you did to individual investors afterwards.”
In the past 48 hours I have been contacted by several whistleblowers. These people would like to and will stay anonymous. I have learned some deeply troubling things and there is a lot more to come – this is just the very beginning. Here is some of what I can tell you.
— FatMan (@FatManTerra) May 23, 2022
Allegation of “conspiracy to rob investors” for Terra
FatMan continued to claim that Do Kwon had an agreement with Jump, a group of blockchain manufacturers, to pay them monthly in exchange for manipulating the UST and Luna markets. This has caused individual investors to lose billions of dollars. FatMan said that Jump’s head, Kanav Kariya, is a puppet and is run by a secret group. FatMan then targeted the CEO of crypto exchange FTX, accusing him of facilitating a 30 percent deal with Serum, a DEX platform that includes individual investors.
These accusations come as the community still digests allegations that Terraform Labs and Do Kwon embezzled funds to keep UST and Luna prices stable. As we reported on Kriptokoin.com , Kwon claims that he spent his BTC reserves for this purpose, although there was no significant effect. However, the sale of BTC did not prevent the collapse of UST and Luna. South Korean authorities are reportedly investigating Kwon and the Terra Foundation Guard. This has caused tension in the Terra community because if Terraform Labs and TFG’s assets are frozen by the authorities, there will be no promised refunds for Luna owners.
