Do Kwon Denies Claim That He Cashed Out $2.7B

Terra founder Do Kwon tweeted to respond to the recent report that he cashed out $2.7 billion from $LUNA's and $UST's liquidity into $USDT and $USDC, saying this is "categorically false". Do Kwon said that the claim is contradictory to another claim that he still owns most of his $LUNA through the airdrop. He reiterates that, for the last two years, the only thing he'd earned was a nominal cash salary from TFL, and he deferred taking most of his founder's tokens.