Home
News
- It all boils down to manipulation, lying to the public – Fatman
- LUNA Price at the time of writing – $2.35
- Fatman lost around 30% – 40% of his life savings
Do Kwon, the creator of Terra is the subject of intense scrutiny. Recently, he slammed “misinformation” in the media and downplayed serious allegations made by South Korean and Interpol authorities.
FatMan, a well-known Terra whistleblower, has now commented on the controversial individual’s remarks made a few days ago on Laura Shin’s Unchained podcast.
Although Kwon stated that he was sorry, the unidentified sleuth believes that a verbal apology is ineffective.
FatMan Offers His Opinion
FatMan is of the firm opinion that the Terra boss is “putting on a persona.”The whistleblower said that Kwon was a “sociopath with very little regard for people’s feelings” and a “charismatic manipulator when he wants to be” after speaking with several people who had personally known him.
Kwon apologized to all investors who lost money in an earlier interview. However, FatMan argued that it is not sufficient to accept “full responsibility” for the “weakness” in Terra’s design that led to the catastrophic downfall. He argued that Kwon did not pledge even a single dollar to compensate investors for their losses.
That’s great, of course, to verbally accept responsibility. He practically does nothing. A portion of his “ill-gotten” gains must be returned as the only just response to that. He has not yet donated a single dime of his own to the efforts to make amends.
Luna Foundation Guard (LFG), a non-profit organization that supports the ecosystem, revealed plans to use the remaining assets, which are estimated to be worth approximately $100 million, to compensate holders of UST following the unprecedented collapse of Terra’s algorithmic stablecoin. However, it halted the planned distribution earlier this month due to concerns about litigation.
FatMan also said that Kwon didn’t say much in his recent interview and instead danced around questions. The whistleblower claims that Kwon certainly downplays some aspects of his involvement in Basis Cash, a previous stablecoin project, and is very good at using many words to say not much at all.
Kwon was said to have walked away from the project as if he had never been involved after it failed, according to earlier reports.FatMan also said that Kwon lied about on-chain volume to get investors to invest in UST and LUNA.
ALSO READ: Dogecoin Hash Rate Hits 7-Month High
Is FatMan real?
FatMan, who had previously stated that he was an “average middle-class guy” who lived in the UK and was between the ages of 20 and 35, has been disclosing Terra’s dark secrets for quite some time.
He reportedly lost 30 to 40 percent of his life savings in the collapse, despite making significant investments in the Terra ecosystem. FatMan is working on the evidence side of things to make a strong case against the exec in lawsuits filed in the United States and Singapore against Kwon.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
