Anonymous has pledged to deliver a crypto boss “to justice” after he oversaw a market collapse that wiped greater than $40bn from traders’ holdings.
The on-line hacking collective made the risk within the newest video posted to its official YouTube channel, accusing the co-founder of Terraform Labs of syphoning off the funds of retail traders who had purchased the platform’s Terra (Luna) and TerraUSD (UST) tokens.
Kwon Do-hyung, generally known as Do Kwon, has beforehand denied these allegations, although greater than 1,600 traders have signed up for a class-action lawsuit in opposition to him after each Luna and UST collapsed in value final month.
“The actions of Do Kwon, the founder of the Terra Luna ecosystem, is single-handedly responsible for scamming billions of dollars away from retail investors,” the video acknowledged.
“Do Kwon made a name for himself with his arrogant tactics, trolling competitors, critics and acting like he would never fail … However, he was quickly knocked down by the markets. The louder they are, the harder they tend to fall.”
Anonymous accused Do Kwon of cashing out billions of {dollars} price of investor funds – one thing that he has publicly denied.
In a current Twitter post, the crypto boss described the accusations as “categorically false”, saying that he “lost most of what I had in the crash too”.
In its video, Anonymous claims that there’s “significant evidence that Do Kwon had bad intentions from the start”, although no proof is shared.
“It is obvious to us that Do Kwon has plenty of secrets and he has been very sloppy in his execution,” the video concludes.
“Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light … The only thing that we can do is hold [Do Kwon] accountable and make sure that [he] is brought to justice as soon as possible.”
Source: www.impartial.co.uk