It’s time to hearken to the opposite aspect. Fats Man Terra was 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 consider that Terra was a rip-off from the very starting. After all, Laura Shin’s Do Kwon interview rubbed Fats Man Terra the fallacious 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 court docket will most likely determine if he’s proper or fallacious, although. Let’s discover his allegations, bearing in mind that that is simply the investigator’s interpretation of the details. He would possibly know extra concerning the Terra/ Luna case than everybody on Earth, although.
That is the introduction to the episode titled “Fats 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
- In line with the pseudonymous investigator, the Terra creators have been “unfairly enriching themselves” and didn’t disclose vital data to traders. On function.
- Relating to his interview with Shin, Fats Man Terra thinks Do Kwon was “dancing round questions” and didn’t reply immediately 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 information reveals that TerraForm Labs cashed out billions of {dollars}. They cashed out all through Terra’s complete existence.
- He additionally thinks there’s proof that the group has “lots of of hundreds of thousands stashed away.”
- In line with 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 1 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 way 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 prognosis is that the person is:
- A “sociopath with little regard for individuals’s emotions.”
- “Avoiding legislation enforcement” and “undoubtedly on the run.”
- An fool. Apparently, Do Kwon held the entire firm’s bitcoin reserves in a single pockets.
- A liar. He knew that his involvement within the failed algorithmic stablecoin Foundation Money was related and may have disclosed it.
- A thief. Do Kwon was pretending to consider in Terra over every part and selling it as such to retail. In actuality, he was “concurrently pulling out” lots of of hundreds of thousands.
In line with Fats Man Terra, all of it comes right down to that. “When you actually consider 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 consider 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 house. In line with Fats Man Terra, if the business needs to outlive we’ve to start out “calling out scammers” and “pushing for justice.” He believes the business will develop “failsafe mechanisms” to filter out dangerous actors and, basically, he’s “optimistic about the way forward for the house.” Make no mistake, although. Regardless of the optimism, the investigator claims that “Terra was a rip-off at each degree.”
In line with Laura Shin, Do Kwon shall be again to reply the allegations sooner or later.
Featured Picture: Laura Shin screenshot from the interview | Charts by TradingView
