Crypto community wants new Do Kwon interview because it learned ‘nothing’ from first

The crypto community’s absorption to Do Kwon’s archetypal interrogation since Terra’s implosion has been lukewarm, with galore saying they learned thing new.

Do Kwon's interview: doesn't accidental thing we don't already cognize and it says a batch little than you expect to hear. The writer seems to beryllium incisive, but helium is not, it shows that everything is agreed and the video is heavy edited. Pure dog-shit

— Peter The Revenant (@PeterTheTerran) August 15, 2022

According to the community, the interrogation was much of a nationalist relations stunt and an effort astatine harm control.

Sure

— Do Kwon (@stablekwon) August 16, 2022

The interrogation was conducted by Coinage’s Zack Guzman, who revealed that Terraform Labs invested successful the genitor institution of the media company. Guzman besides said that helium invested successful Terra.

Of course, arsenic I disclose successful our piece:
1) I held UST and LUNA, the coins successful the communicative that went to $0.

2) Kwon’s company, Terraform Labs, was an capitalist successful Coinage’s genitor company.

3) And since it’s Coinage’s debut, of people I privation radical to watch. Why is each problematic?

— Zack Guzmán (@zGuz) August 15, 2022

Meanwhile, Guzman says helium is not friends with Kwon and that the Terra laminitis had “no agreed upon questions,” nor “first looks” astatine his questions.

Kwon hints astatine insider cognition successful Terra’s crash

In the recorded interview, Kwon said that an insider perchance played a portion successful the monolithic clang due to the fact that Terraform Labs employees had entree to definite information.

“So if you’re asking maine whether determination was a mole astatine Terraform Labs, that’s astir apt ‘yes.’ Whether idiosyncratic tried to instrumentality vantage of that peculiar opportunity, I would accidental that the reply is, ‘Yes.’”

The accusation successful question is the transportation of funds betwixt trading pools that led to an imbalance that triggered the collapse. The transportation was expected to beryllium backstage but was leaked to the nationalist by a “mole.”

Denies Ponzi strategy allegations

Kwon denied that Terra operated arsenic a Ponzi scheme. According to him, aboriginal investors successful the task were besides the biggest losers from the crash.

Although helium didn’t quantify the magnitude helium mislaid personally, helium described it arsenic being “down infinite.”

While justifying his assurance successful the occurrence of the Terra ecosystem astatine the time, helium admitted that it present seems a small irrational.

Kwon says nary interaction from Korean investigators

Kwon denied immoderate charges against him successful South Korea, saying the authorities were yet to interaction him.

Meanwhile, South Korea has been investigating Kwon, co-founder Daniel Shin, and Terraform Labs operations for the past fewer months.

There was a raid connected Shin’s location past period arsenic portion of the investigations, and prosecutors besides issued a announcement of accomplishment for Kwon successful lawsuit helium returns to the state portion besides banning Terra employees from leaving the country.

Kwon admits responsibility

Kwon admitted work for giving opportunities for vulnerabilities successful the archetypal place.

“If those opportunities existed, the blasted is connected the idiosyncratic who presented those vulnerabilities successful the archetypal spot … I, and I alone, americium liable for immoderate weaknesses that could person been presented for a abbreviated seller to commencement to instrumentality profit.”

Kwon besides admitted that helium mightiness person been excessively optimistic astir the project. “I’ve ne'er thought astir what could hap to maine if this fails.”

The station Crypto assemblage wants caller Do Kwon interrogation due to the fact that it learned ‘nothing’ from first appeared archetypal connected CryptoSlate.