Terra Do Kwon creator is reportedly on the run after Interpol put him on the red list. But he would still be counting on his LUNA sales, if we are to believe the on-chain data collected by several commentators. What is he accused of?
Do Kwon would send his LUNA to the Binance platform
The maneuver was reported by Jaewoo Cho, assistant professor at Hansung University. Show that Do Kwon would have sent 523,390 MOON (the second version of the cryptocurrency) to a sub-account or contributor:
From 13-09-2022, DK has sent 523,390 LUNA2.0 apparently to its sub account or to a contributor terra1mdtes94sv3mtdqwj7zwxunmntc6u7778kus033
Then the same LUNA amount was deposited on Binance with note 103136234
PS. The account uses Korean “가스비 는 넉넉 하게 ^^” https://t.co/l91qrg58ks pic.twitter.com/eTJD9YKYyT
– 조재우 (Jaewoo Cho) ⚡️ (@clayop) October 10, 2022
This is relatively recent, as these transfers have taken place since September 13, 2022. At the current price, 523,390 LUNA is worth over $ 1.2 million. As Twitter user FatManTerra pointed out, these transfers have taken place even as Do Kwon continues to assiduously promote Terra 2.0:
WADR I beg you to use some critical thinking as this is getting boring with you
Historically, the MO of Do Kwon has been: retailing to accumulate liquidity, selling stock exchanges at the same time. As above so below.
Who’s wallet: Do Kwon’s. Written in the tweet. Posted about ten times
– FatMan (@FatManTerra) October 10, 2022
“Historically, Do Kwon’s modus operandi has been: shiller [la cryptomonnaie] retail investors to increase liquidity, sell goods at the same time. “
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Do Kwon in rough waters
If these facts prove to be correct, they would obviously increase a big ethical problem for Do Kwon. The man caused one of the biggest collapses in the ecosystem a few months ago, ruining some investors. Taking advantage of version 2.0 of his project is therefore particularly questionable, not to mention the arrest warrants currently targeting him.
On Twitter, Do Kwon continues to promote LUNAand denies having his funds frozen by the South Korean authorities:
I don’t understand the motivation behind the spread of this falsehood: muscle flexion? But to what end?
Again, I don’t even use Kucoin and OkEx, I don’t have time to trade, no funds have been frozen.
I don’t know whose funds they froze, but good for them, I hope they use it forever 🙏 https://t.co/gSucKfqsxj
– Do Kwon 🌕 (@stablekwon) October 5, 2022
Recall that the price of LUNA underwent a rapid increase about a month ago. Since then, cryptocurrency lives about 2.5 dollars :
The sawtooth evolution of the LUNA in its 2.0 version
Whatever happens to the addresses of Do Kwon, a gang of diehard investors always seems to follow the project faithfully, which has mutated in an attempt to survive. A trust that however remains limited, since the man is on the run and inconsistencies have been noted in his communications.
👉 On the same topic – Kwon and LFG deny involvement in the recent 3,300 Bitcoin (BTC) move.
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Chart: TradingView, LUNA / USDT
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