Terra’s Do Kwon Refutes Claims that He Siphoned off $2.7B From the Project Before LUNA’s and UST’s Collapse

Summary: Terra’s Do Kwon has refuted claims that he cashed out $2.7 Billion from the project before LUNA’s and UST’s collapse. Do Kwon explained that for the last two years, he has only earned a nominal cash salary from Terraform Labs. He also adds that he incurred losses during UST’s and LUNA’s collapse. The $2.7 Billion was allegedly cashed out through the Abracadabra Protocol using Degenbox. The Founder of Terra, Do Kwon, has released a statement via Twitter refuting claims […]