An upcoming interview with Do Kwon, co-founder of Terraform Labs and mastermind of the Terra ecosystem coin series, has stirred up the cryptocurrency community and sparked criticism even before it went live.
In a preview of the full interview to be published later today, Kwon said:
“Terra was supposed to be a stable coin, and it hasn’t remained one.”
He also makes remarks such as “Cryptocurrency is still like the wild, wild west” and “I think I got an alter ego”.
He says he “cringes” when reflecting on some of his past comments, adding that he “bet a lot” and thinks he “lost”.
Although Kwon’s own preliminary comments are sparse and heavily abbreviated, the Terraform co-founder looks frustrated and unhappy.
Critics have already spoken out on Twitter. And FatManTerra, an internet personality who recently positioned himself as a sharp critic of Kwon and defender of disgruntled investors in the Terra ecosystem, has been outspoken.
FatMan accused the creator of the video, Coinage Media co-founder Zac Guzman, of “continually deceiving Kwon over the years as if he was being paid to do so”.
In between the breaking news there is also the actual and casino
Fatma also called on Kwon to “do an interview with a more neutral and reputable publication such as Bloomberg or Fortune” and “talk about the billions” that FatMan said Kwon “squeezed out of the system”.
Those who had hoped for a follow-up drama were not disappointed. Goodman responded , that he was a Terra user, just like you.”
Fatma hit back by saying that Guzman never tried to make a documentary or do an interview, but simply asked if I was in Singapore and if we could meet. He wrote :
“I think it’s” rather dubious ” that you lied about it …”.
In response, some urged Fatty to watch the whole interview before ripping it up.
Fatty then responded in a more condescending tone, writing:
“I’m looking forward to it. Whether or not you [Guzman] are bait from Terra, you have the opportunity to reveal important facts, which I hope you have done. Do Kwon has committed massive fraud, and I hope this will be brought to light.”
Elsewhere, it has been argued that the interview preview has “publicity” traits, and others have wondered why Kwon chose to break his silence in such a little-known (and brand new) media outlet.
Others argued that Bloomberg and Fortune were unlikely to take a neutral stance and might try to portray Kwon in a more negative light.
Popular crypto trader Degen Spartan noted that his “unsolicited advice” to Kwon was to appear deliriously optimistic [about the Terra project], despite the possibility of it failing. He added that it would be helpful for Kwon to assert that he “really” thought failure was “highly unlikely”
Indeed, in another heavily redacted part of the interview, Kwon talks about how “algorithmic stabl coin” is “starting to become the industry standard”.
One person on Twitter, using the pseudonym cafetero7878, asked Kwon if he would “come to [South] Korea and answer questions from the National Assembly?”
South Korean prosecutors are investigating Kwon and other Terra leaders on suspicion that they orchestrated the UST crash in May this year or that they may have known about the events before they took place.
The same poster noted that South Korean lawmakers are likely to have a “long list of questions” to ask Kwon.
As of 9:10 terra (LUNA) was trading at $1.96, down 3.6% for the day and 7% for the week and up 9% for the month.
