The only thing we can blame Do Kwon for was greatly exaggerating the safety of the ecosystem. I don’t think there was any major direct fraud he can be convicted of. A lot of CEOs overmarket their products.
The actors who initiated the collapse were completely unrelated to Do Kwon.
In hindsight, the Terra Luna fiasco actually had some of the **least** fraud in the previous cycle compared to **actual** fraud like in FTX and Celsius Networks.
The whole ecosystem was an algorithmic stack of cards due to Anchor protocol and the whole CeFi lending system.
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Justice works slowly
“Deploying more of your capital, lads haha”
Is what he really meant.
Moments before disaster
Lol, I was there! Crazzy times!
The only thing we can blame Do Kwon for was greatly exaggerating the safety of the ecosystem. I don’t think there was any major direct fraud he can be convicted of. A lot of CEOs overmarket their products.
The actors who initiated the collapse were completely unrelated to Do Kwon.
In hindsight, the Terra Luna fiasco actually had some of the **least** fraud in the previous cycle compared to **actual** fraud like in FTX and Celsius Networks.
The whole ecosystem was an algorithmic stack of cards due to Anchor protocol and the whole CeFi lending system.