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It’s time to hearken to the opposite aspect. Fats Man Terra was once a cog within the Terra machine, however these days he’s the protocol’s largest critic. He’s additionally a researcher, and his investigation lead him to imagine that Terra was a rip-off from the very starting. In fact, Laura Shin’s Do Kwon interview rubbed Fats Man Terra the incorrect means. So, exercising his proper to answer, he went to the identical platform and advised his aspect of the story.
If what Fats Man Terra says is true, the Terra/ Luna story is a horror movie.
A courtroom will in all probability resolve if he’s proper or incorrect, although. Let’s discover his allegations, considering that that is simply the investigator’s interpretation of the info. He may know extra in regards to the Terra/ Luna case than everybody on Earth, although.
That is the introduction to the episode titled “Fat Man Terra Speaks: Do Kwon Is a ‘Sociopath’ and a ‘Charismatic Manipulator”:
“Fats Man Terra, the nameless Twitter account devoted to bringing Do Kwon to justice, reacts to my latest interview with Do Kwon and says what he thinks it revealed about his persona.”
That is the video:
Fats Man Terra Presents The Case
- Based on the pseudonymous investigator, the Terra creators have been “unfairly enriching themselves” and didn’t disclose vital info to traders. On objective.
- Concerning his interview with Shin, Fats Man Terra thinks Do Kwon was “dancing round questions” and didn’t reply straight a number of of them.
- He thinks Do Kwon was “deliberately mendacity” about Terra’s breakup with Chai. Each when it occurred and throughout the interview. At finest the state of affairs was “closely mishandled.”
- Fats Man Terra claims that on-chain knowledge exhibits that TerraForm Labs cashed out billions of {dollars}. They have been all the time cashing out.
- He additionally thinks there’s proof that the group has “a whole bunch of hundreds of thousands stashed away.”
- Based on the pseudonymous investigator, on the time Terra claimed that the protocol was attacked, however couldn’t discover “proof of fraud.”
The investigator additionally thinks that Do Kwon is “not in a position to stick to at least one story.” That’s a attribute that fraudsters typically exhibit. And he claims there’s a motive that regulators all around the world are Terra particularly. Some issues don’t add up, and this case is much from over.
LUNA worth chart on Eightcap | Supply: LUNA/USD on TradingView.com
Opinions About Do Kwon’s Character
Respectfully, Fats Man Terra goes for the throat. He’s been learning Do Kwon and his analysis is that the person is:
- A “sociopath with little regard for individuals’s emotions.”
- “Avoiding regulation enforcement” and “positively on the run.”
- An fool. Apparently, Do Kwon held the entire firm’s bitcoin reserves in a single pockets.
- A liar. He needed to know that his involvement within the failed algorithmic stablecoin Foundation Money was related and may have disclosed it.
- A thief. Do Kwon was pretending to imagine in Terra over the whole lot and selling it as such to retail. In actuality, he was “concurrently pulling out” a whole bunch of hundreds of thousands.
Based on Fats Man Terra, all of it comes right down to that. “In case you actually imagine in UST, why did you money out a lot,” he asks Do Kwon. Additionally, why did he made up statistics and inflated the community’s numbers?
The investigator will “begin to imagine he’s sorry” when Do Kwon begins making affected Terra traders complete from his personal pocket.
Fats Man Terra Is Nonetheless Optimistic
The parasites will all the time be there, surrounding the crypto area. Based on Fats Man Terra, if the business needs to outlive we’ve got to begin “calling out scammers” and “pushing for justice.” He believes the business will develop “failsafe mechanisms” to filter out unhealthy actors and, usually, he’s “optimistic about the way forward for the area.” Make no mistake, although. Regardless of the optimism, the investigator claims that “Terra was a rip-off at each degree.”
Based on Laura Shin, Do Kwon shall be again to reply the allegations sooner or later.
Featured Picture: Screenshot from the interview | Charts by TradingView
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