Do Kwon of Terra: 'It Was Never Really About Money or Fame or Success'
Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices, and much more.
Show highlights:- whether Do finds the charges based on the Capital Markets Act legitimate
- why he doesn’t want to discuss his location
- whether the South Korean government is lying about the accusations against him
- what happened with the BTC held by the Luna Foundation Guard
- whether Do regrets being so arrogant in his tweets
- what he would say to the people who lost huge amounts of money in Terra or family members of people who committed suicide due to its collapse
- the decision to set Anchor’s yield near 20%
- why Terra had a large SDT pre-mine that was not proactively disclosed
- whether Do’s actions show he didn’t think that the algorithmic mechanism was sufficient to keep UST pegged to the dollar
- whether Terraform Labs cashed out $2.7 billion using Degenbox
- why there were no disclosures about Chai terminating its agreement with Terra
- why the Terra blockchain went through a hard fork without a public discussion
- the failure of the basis cash stablecoin, also worked on by Do Kwon
- whether an algorithmic stablecoin can work
- the week of the UST depeg and what happened to the funds held by LFG
- where the 3 million Luna unlocked per month by Project Dawn went
- when the LFG will return funds to UST holders
- what Do would do differently if he had the chance to go back
* Quick correction*
At 7min 18sec, I misspoke, the Korean government posted a pdf for Do Kwon’s passport revocation, not his arrest warrant.
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Episode Links Do Kwon:
Previous Coverage of Unchained on Do Kwon and Terra:
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