‘Do Kwon’s Whole Past’ Since He Decided to enter Crypto World, Anonymous Group Promises to Expose it All

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Additionally, the organization promised to “ensure” Do Kwon is “brought to justice as soon as feasible” in relation to the May collapse of the Terra ecosystem, which cost the cryptocurrency market more than USD 40 billion.

Source: Anonymous / YouTube

Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes.

A video purportedly coming from the hacker group said that,

“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 group also pledged to “make sure” Do Kwon is “brought to justice as soon as possible” in regard to the collapse of the Terra ecosystem back in May, which erased more than USD 40bn in value from the crypto market.

The downfall of Terra, which sent shock waves across the entire industry and exacerbated the crypto crash, delivered huge losses to investors, some of which reportedly put all their life savings into what was touted as the currency of decentralized finance (DeFi).

In the video, Anonymous outlined a list of Kwon’s alleged crimes, including claims that he was cashing out USD 80m each month from LUNA and terraUSD’s (UST) prior to its collapse, as well as that he had a role in yet another algorithmic stablecoin called Basis Cash, which also collapsed.

The video stated,

“Sadly, there isn’t much that can be done to erase the damage that Do Kwon has done. At this point, the only course of action we can take is to hold you accountable and make sure that you are tried as soon as possible.”

Additionally, the hacktivist collective blasted Kwon for using “arrogant tactics” to harass rivals and detractors and for “appearing like he will never fail.” The statement said, “There is considerable evidence that Do Kwon had evil intentions from the outset. Sometimes individuals just make mistakes.

The decentralized multinational activist group Anonymous started its operations in 2003 on the 4chan website, an anonymous social network. The group has developed a reputation for planning cyberattacks against public and commercial organizations, as well as the Church of Scientology.

Some people contend that the group hasn’t done much recently despite its many earlier successes.

“I don’t think I’ve ever seen anonymous actually accomplish much, despite all their posturing,” one Reddit user said, while another claimed the group hasn’t “been relevant in over a decade.”

Currently, at 10:21 UTC on Monday morning, the 136th coin by market capitalization, LUNA, is trading at USD 2.21, having gone up 11.4% in a day and 4.6% in a week. The original LUNA, the coin in usage prior to the move to Terra 2.0, is now called LUNC, and it’s trading at USD 0.00007698, up 30% in a day and 26% in a week.

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