Anonymous Vows to Expose the Crimes of Terra Co-founder

| Updated
by Kofi Ansah · 3 min read
Anonymous Vows to Expose the Crimes of Terra Co-founder
Photo: Depositphotos

The hacker group also revealed that it would be looking into the entire history and doings of Do Kwon since he entered the crypto space.

In response to the May collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems, hacker group or hacktivist group Anonymous has pledged to make sure Do Kwon, the co-founder of Terra is brought to justice as soon as possible.

The hacker group pledged in an alleged video released on Sunday, in which Anonymous rehashed a long list of Kwon’s alleged wrongdoings, including withdrawing  $80 million per month from UST and LUNA before the latter’s collapse and his role in the demise of the stable coin Basis Cash, which Do Kwon is said to have co-founded in late 2020 under the alias “Rick Sanchez”.

The hacker group also revealed that it would be looking into the entire history and doings of Do Kwon since he entered the crypto space.

“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible,” the group stated.

“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,” they added.

The hacker group also criticized Kwon for his arrogance and the “rough tactics” he used in trolling competitors and critics and “acting as if he would never fail.” Anonymous also made it clear that there are many more crimes to be discovered in his trail of destruction.

The video has been met with diverse reactions, as some investors have commended the group for vowing to go after and unearth the crimes of Kwon. Others, however, do not share that enthusiasm, criticizing the group for issuing empty threats against Kwon and providing no new evidence or information to the public.

Terraform Labs, which was co-founded by Do Kwon, is currently the subject of multiple investigations by the South Korean authorities, including the suspected embezzlement of Bitcoin (BTC) from the company’s treasury.

In May this year, the South Korean government revived the infamous “Grim Reapers of Yeouido” , a financial crimes investigation force to investigate the collapse of Terra. The team, which includes different regulators, will concentrate on bringing fraud and unlawful trading schemes to justice.

Later that month, Korean authorities subpoenaed all employees of Terraform Labs to investigate any internal role in market manipulation. Anonymous first broke onto the scene in 2003 on 4chan and has since been known for orchestrating cyber attacks against government institutions, agencies, private corporations, and even the Church of Scientology.

Altcoin News, Cryptocurrency news, News
Kofi Ansah
Author Kofi Ansah

Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.

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