$LUNC $USTC From my personal point of view, after the crash, which was a conscious decision by Do Kwon and not an attack as claimed, Do Kwon withdrew all of LFG's bitcoins and did not sell them. There should have been transaction data from exchanges for this, such as transaction data from the sales of Luna UST and Mirror Protocol, but this did not exist. Since investors had to be compensated, Terra itself created a proposal with which the new chain was created. A new blockchain takes a certain amount of time to bring online. In my opinion, this happened too quickly and was already a previous decision by Terra because they had thought everything through. The new chain was an excuse not to reimburse investors for their losses and they were left to their own devices to bring the price back up. There was no compensation from the new chain. Do you remember Do Kwon's phenomenal interview before the crash?
When he said that's the way things are: you come from nothing and go back to nothing. That's where he wants to go. And that's what happened. He withdrew all the liquidity and started again from the beginning, lying to investors and trying to steal from them. Terra has a vision of being one of the largest bitcoin holders there is.
Do Kwon said in the interview with Coinage that they were prepared to invest 2 billion because they are sticking to the early vision.But even these 2 billion dollars did not come from selling their bitcoins. Do Kwon himself says in the interview that he sold Luna to investors in the death spiral worth 2 billion dollars and thus further dumped the market. At the same time he says that he has never shorted or sold a coin in his life. He did this and he said it clearly.
You just have to listen and not be blind. But in crypto it is very easy to deceive inexperienced people, most go with the crowd. You can see it with Lunc Dao Coach Bruce, he managed to deceive a lot of people with ox, the crowd goes with him, he has 100k followers, everyone is blind
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