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.
Source

Terra

Do Kwon

In This Article

Related News
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Terra chain halts operations, ASTRO token falls over 60% Terra chain halts operations, ASTRO token falls over 60%
Do Kwon Released From Prison in Montenegro Do Kwon Released From Prison in Montenegro
Latest News More More
8 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
8 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open