A recent tweet revealed that the Terraform Labs, Do Kwon, would be holding a conference to refute the stories making the rounds, looking forward to inviting the police.
Do Kwon To Debunk Falsehood Via Conference
A tweet was shared recently featuring Do Kwon responding to the latest reports making the rounds online, saying he would be holding a conference to debunk the “falsehoods.”
CEO Kwon welcome with open hands those sharing the stories, saying; “Show up if you dare,”. According to the report from the Korean Broadcasting System (KBS) which was made recently, alleging that the South Korean prosecutors had got proof that Do Kwon manipulated the price of Terra Luna Classic (LUNC) and is hiding in Europe also noted that the official has succeeded in validating his passport, rendering Kwon an unauthorized immigrant.
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With the conflicting statements from Kwon and the recent reports, the public opinion on crypto Twitter remains divided on Kwon’s innocence or guilt. Many were amused to watch the drama unfold.
On the other hand, others expressed disgust at the taunts from Kwon as they believed he should be held accountable, with one even threatening his life should he disclose his location. While some, like crypto journalist Laura Shin, expressed surprise.
It is worth noting that while the above was going on, some Terra Classic community members show their sentiment that there is more to what is on the ground and also noted that those that were the victim of the May collapse has chosen not to blame Kwon. Instead, they question things like the cancellation of his passport, the Interpol red notice, which was promised to be made public was nowhere to be found on the Interpol website including the story of Kwon’s restriction in Singapore.
At the moment, Terraform Labs are tagging the slandering against them as false and also said that the South Korea charges were just trumped up and political.
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However, the collapse in May was a result of Kwon’s promoting TerraClassicUSD (USTC), a “stablecoin” which lead to the crash of the LUNC token and also lead to the loss of multi-million funds.
It is worth noting that Kwon’s last location is Singapore as he works continually on another Terra blockchain after handling the classic chain to the community.
The recent development reveals that Do Kwon proposed Cosmo Ecosystem Solutions to aid the security of the new blockchain.