An in-depth look at the LUNA and UST fallout, as Do Kwon says he has been “devastated” but has “great confidence in our ability to build back even stronger”
Luna's relaunch might be the ultimate act of chutzpah by the South Korean entrepreneur
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Discussion
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@aosipovich
Alexander Osipovich
on x
On claims that he ran a scam: “I made confident bets and made confident statements on behalf of UST because I believed in its resilience and its value proposition... I've since lost these bets, but my actions 100% match my words.” (4/7)
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@aosipovich
Alexander Osipovich
on x
Earlier this year analysts said Kwon was a billionaire, based on his Luna holdings. Kwon said that was probably the case, though he had “never really counted”—and that he lost nearly all his net worth in the crash. “This doesn't bother me... I live a fairly frugal life.” (3/7)
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@mbrookerhk
Matthew Brooker
on x
https://twitter.com/...
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@matigreenspan
Mati Greenspan
on x
“I don't understand why anybody in their right mind would want to invest in Luna 2 after watching Luna 1 blow up so dramatically,” said Mati Greenspan, founder of crypto research firm Quantum Economics. https://www.wsj.com/...
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@fatmanterra
FatMan
on x
Another fascinating piece by @aosipovich giving us an insight into Do Kwon's current thought process & cover-up methods. https://wsj.com/... (Non-paywall: https://archive.ph/HNl1T) Looks like the WSJ were able to speak to and verify the Anchor team source as well. https://twitter…
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@aosipovich
Alexander Osipovich
on x
He's facing angry investors and government investigations. But that's not stopping Do Kwon from attempting a comeback. “I have great confidence in our ability to build back even stronger than we once were,” he told the WSJ in an interview. (1/7) https://www.wsj.com/...
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@wublockchain
Wu Blockchain
on x
Like 3AC, Do Kwon has only been interviewed by WSJ, he said: I have great confidence in our ability to build back even stronger than we once were. Asked about the tweets, Mr. Kwon told the Journal: “Do I regret some of the things I said in the past? Yes.” https://www.wsj.com/...