In a shocking turn of events, Do Kwon, the former CEO of Terraform Labs, has been arrested for his alleged involvement in the collapse of Terra and Luna in May of last year. The news was first shared by a former researcher of the company, known as FatMan, on his Twitter account on the 24th of March.
FatMan, who has been tracking Do Kwon since the collapse of the companies, shared his response to the news of Kwon’s arrest, stating “It’s a beautiful day for justice.” He went on to call Kwon “spineless, despicable, and soulless” for stealing money he did not need and for giving up time with his family for the sake of greed.
According to FatMan’s tweets, Kwon attempted to evade the authorities by illegally forging several travel documents. FatMan also revealed that Kwon had the opportunity to do the right thing and honor the Luna Foundation Guard (LFG) refund when the victims appealed in May of last year. He could have admitted everything when insiders came forward, or he could have turned himself in after a warrant was issued. However, Kwon chose to run and evade responsibility.
The scale of Kwon’s alleged crimes is staggering. FatMan noted that stealing hundreds of millions of dollars requires a special and almost diabolical level of greed. In Kwon’s insatiable quest for wealth, he gave up years with his family that will never return. This is a tragic consequence of greed that has devastated countless individuals and families.
The arrest of Do Kwon is a significant development in the ongoing investigation into the collapse of Terra and Luna. It remains to be seen what charges Kwon will face and what the ultimate outcome of this case will be. However, it is clear that the actions of Kwon and others involved in the collapse of these companies have had far-reaching consequences that will be felt for years to come.
#Dokwon #Terra #TerraformLabs #LUNA #azcoinnews
This article was republished from azcoinnews.com
