Wednesday, November 30, 2022
HomeCrypto NewsMarketFamous Hacktivist Group 'Anonymous' Vows to Expose Terra’s Do Kwon’s Shady Dealings

Famous Hacktivist Group ‘Anonymous’ Vows to Expose Terra’s Do Kwon’s Shady Dealings

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The popular hacking group has decided to investigate all of Kwon’s activities since he entered the crypto space to expose all criminal dealings. 

Popular hacktivist group Anonymous has vowed in a recent YouTube video that it will do everything possible to bring Terra’s Do Kwon’s shady dealings in respect to the crash of the company’s ecosystem tokens – LUNA and UST – to the public.

Anonymous noted that it will expose all fraudulent details about the Terra boss to ensure that “he is brought to justice as soon as possible.”

“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. 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, EXPECT US” the pseudonymous hacking group was quoted as saying.

In the video, Anonymous highlighted some of Kwon’s alleged wrongdoings, including the mismanagement of Terra’s funds and the allegation that he cashed out $80 million monthly from the cryptocurrency project before the crash of $UST and $LUNA.

Furthermore, Anonymous also stated Kwon’s role in the collapse of stablecoin Basis Cash, a crypto project that was co-founded by the Terra exec.

The hacktivist group, who sounded displeased in the video, vowed to investigate all of Kwon’s actions since he joined the cryptocurrency space in order to expose all of his shady dealings.

“Anonymous is looking into Do Kwon’s entire history 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 be discovered in your trail of destruction” the popular hacktivist group said.

Kwon was also slammed for his arrogant attitude toward other cryptocurrency projects he saw as competitors, with Anonymous saying that the Terra exec acted as he would never fail.

The latest development adds to Kwon’s list of public scrutiny. The public has widely condemned Kwon for the collapse of Terra.

As reported by TheCryptoBasic in May, Do Kwon carelessly said: “95% Of Cryptos Are Gonna Die But There’s Entertainment In Watching Them Die”

Kwon Accused of Causing Terra Crash 

While some people accused the Terra CEO of the main cause of the collapse of the crypto project, others pinned the unfortunate incident on external actors.

However, Kwon has continuously dismissed all reports indicting him and other members of the team for causing the collapse of the Terra ecosystem.

At the moment, TerraForm Labs and its founder are under investigation in South Korea. U.S. authorities have also indicated an interest in investigating the company for fraud and breach of rules.

Kwon has made moves to stop U.S. authorities from launching an investigation into the company’s activities, saying the country does not have the legal right to do so, a move that was recently dismissed by the U.S. Court of Appeal.

Anonymous Major Targets

Meanwhile, Anonymous has become one of the most popular hacking groups globally. Launched in 2014, Anonymous is a decentralized hacktivist focused on attacking government agencies and other popular figures.

It is noteworthy that Kwon is not the only crypto expert that has been called out by Anonymous.

Last year, the hacktivist group fired warning shots at Elon Musk, the CEO of Tesla, for destroying the lives of many crypto investors through his tweets.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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