$LUNA When I read the lawyer's statement I get angry ⬇️
In the hearings held in the USA, Terra lawyers; He said that there was a risk of a death spiral between LUNA and UST and that this was the reason for the collapse.
▪️The chain was faulty, this possibility was always known. They said this is not a fraud but a failure.
Deliberately putting something into the death spiral is different from failure. Do Kwon and Terra knew it would happen. It was their (Protocol Armageddon)killl Switch, as Do Kwon has already admitted in an interview.
Do Kwon didn't try for a moment to find out who caused the attack, he didn't care because he knew it happened internally. Denying the blame is what you do as a fraudster
it is now known that they did not use their bitcoin reserves to save the day. They used the death spiral to make it worse by pushing the price of Luna down further when they sold their massive Luna holdings into the spiral.
if he named his daughter Luna and programmed his blockchain with this kind of error it is a shame
