Unchained Do Kwon of Terra: 'It Was Never Really About Money or Fame or Success' - Ep. 408
Oct 18, 2022
Do Kwon, cofounder of Terraform Labs, reflects on the tumultuous aftermath of the TerraUSD collapse and the legal challenges he faces in South Korea. He discusses the emotional fallout for victims, openly addressing the tragic losses reported. Kwon shares his past regrets over his confident social media presence and contemplates the transparency issues surrounding Terra's financial structures. He also explores the complexities behind stablecoins and the lessons learned from both Terra and previous projects.
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Personal Security Concerns
- Do Kwon faced threats after Terra's collapse, with people breaking into his apartments in South Korea and Singapore.
- He avoids disclosing his location for safety reasons, as it becomes difficult to live there once known.
Bitcoin Holdings Dispute
- On-chain evidence suggests LFG Bitcoin wallets hold more than Do Kwon's claimed 313 Bitcoin and were recently active on KuCoin and OKEx.
- Do Kwon denies the allegations, attributing the discrepancy to complex trading agreements and market maker custody practices.
Crypto Twitter Persona
- Do Kwon admits to getting "carried away" with his "entertaining alter ego" on Crypto Twitter, engaging in "shitposting."
- He now finds his past tweets "cringeworthy" but keeps them up for posterity and acknowledges the need for a stricter standard.