Anonymous Vowed to Expose Do Kwon’s Suspicious Actions From the Terra Collapse

cryptocurrency

The notorious hacker collective – Anonymous – said it will join numerous governments that are conducting investigations against Terra’s Co-Founder – Do Kwon. The native token of the cryptocurrency project – LUNA – and its algorithmic stablecoin – UST – crashed to zero last month, resulting in painful investors’ losses.

As such, Anonymous vowed to explore Do Kwon’s relationship to the issue and hold him accountable for the damage he caused.

Do Kwon to Бe ‘Brought to Justice’

Terra’s failure was undoubtedly one of the top topics in the cryptocurrency space last month. It all started when UST lost its peg and plunged way below the target of $1. Due to the asset’s algorithmic nature and connection with LUNA, certain traders managed to exploit this and profit by arbitrating it. This essentially drove both tokens’ prices to virtually zero in a matter of days.

Apart from panic among crypto participants, the crash was devastating for many investors who had previously doled out millions in LUNA/UST. Several reports claimed that some people even committed suicide due to the colossal losses.

In a recent video, the hacking organization – Anonymous – said the one to be blamed for the adverse aftermath is Do Kwon – Co-Creator and CEO of Terraform Labs. The group further vowed to expose all secrets of the South Korean, calling him a “scammer:”

“Anonymous is researching the entire story of Do Kwon since he entered the crypto space to see what we can learn and bring to light. There is no doubt that there are many more crimes to uncover. on your way to destruction.

The additional frauds might refer to Do Kwon’s relation to another stablecoin called “Basis Cash.” The South Korean was one of the Co-Founders of the project, operating under the pseudonym “Rick Sanchez.” Similar to UST, “Basis Cash” plummeted to zero.

Anonymous also stated that Kwon does not have the power to reverse the negative situation he brought with his actions.

“At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible,” the video concluded.

Anonymous participated in the Russian-Ukrainian War

The intercontinental hacker group has repeatedly supported the cause of Ukraine against Russia. For example, he breached over 300 Russian targets, collecting over a billion rubles (about $10 million). This too declared war against Vladimir Putin, warning that he “will face unprecedented cyberattacks from all corners of the world” if he does not cease his “special military operation”.

At the beginning of March (when Putin’s troops were rapidly invading Ukraine), Anonymous made the headlines again. The organization offered $52,000 worth of bitcoin to those Russian soldiers who surrendered their tanks:

“Russian soldiers, everyone who wants to live with their families, children and not die, the anonymous global community has collected 1,225,043 RUB in bitcoins to help you.”

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