2 years ago
Do Kwon, the founder, and CEO of Terraform Labs, has faced aggregate allegations of foul play regarding the illness of the Terra (LUNC) cryptocurrency and TerraUSD (USTC) stablecoin. Allegations person ranged from siphoning $8 cardinal monthly to withdrawing $2.7 billion from the Terra ecosystem via DegenBox.
Now the Terraform Labs CEO has been accused of vote-rigging by a Twitter whistleblower. According to the pseudonymous whistleblower FatMan, Do Kwon broke Terraform Labs rules by utilizing 1 of his concealed wallets to ballot connected the firm’s connection for Terra Station.
FatMan’s made these claims via his Twitter account, saying:
“Caught. The ‘mystery’ wallet with a 20M LUNA airdrop that was voting connected Do’s ain proposal, delegating to North Star, insider trading ASTRO, etc. – it is officially confirmed that it belongs to Do Kwon himself.”
The tweet besides includes a screenshot of a past Twitter thread wherever FatMan tried to find the existent individuality of the “mystery wallet” that voted “Yes” to Do Kwon’s connection with 5% of the voting powerfulness and funded by 20 cardinal LUNA tokens.
Do Kwon responded by saying helium would gully the enactment astatine “doxxing wallets” and urging the whistleblower to “stay supra the witchhunt”.
FatMan tried to inquire astir the narration betwixt the wallet and Terraform Labs to which Do Kwon responded by saying that the wallet belonged to the “Token acquisition statement holder with TFL [Terraform Labs]”, and past declining to remark immoderate further.
Caught. The 'mystery' wallet with a 20M LUNA airdrop that was voting connected Do's ain proposal, delegating to North Star, insider trading ASTRO, etc. – it is officially confirmed that it belongs to Do Kwon himself. (1/3) pic.twitter.com/QqfBnk6Oxe
— FatMan (@FatManTerra) June 12, 2022
This tweet is portion of a three-tweet thread that outlines the allegations with links to the Columbus-5 connection and Do Kwons alleged concealed wallet.
FatMan went connected to accidental that Do Kwon utilized the aforesaid concealed wallet to nonstop successful a connection titled “Columbus-5 Mainnet Upgrade Proposal and Recommendations” successful the period of August 2021.
FatMan shared 1 of the proposals referred to arsenic Col-5 Agora to supply further grounds that Do Kwon utilized the wallet to ballot connected circumstantial proposals. In this peculiar proposal, the wallet was utilized to ballot aggregate times to guarantee that the connection was successful.
As FatMan pointed out, the wallet successful question is Kwon’s 2nd prime wallet for casting votes connected proposals.
Col-5 Agora connection submitted by Do: https://t.co/TwjAsLkwHG
Corresponding on-chain connection authored by Do Kwon (submitted from the enigma wallet):https://t.co/gSnqU8NWeP This is Do Kwon's verified alternate wallet. Credits to @FitManTerra for the spot. (2/3)
— FatMan (@FatManTerra) June 12, 2022
FatMan finished disconnected the thread by pointing retired that Terraform Labs claimed they wouldn’t ballot connected proposals oregon instrumentality vantage of wrong information. The whistleblower besides went connected to assertion that the institution lone wants to “extract much wealth retired of the community”:
“They told you TFL doesn’t vote. They told you TFL didn’t get the drop. But you’ll announcement that each tiny happening they bash is to extract much wealth retired of the ‘community’ done wordplay and manipulation. He doesn’t attraction astir you. You are an instrumentality to him and ever were.”
They told you TFL doesn't vote. They told you TFL didn't get the drop. But you'll announcement that each tiny happening they bash is to extract much wealth retired of the 'community' done wordplay and manipulation. He doesn't attraction astir you. You are an instrumentality to him and ever were. (3/3)
— FatMan (@FatManTerra) June 12, 2022
Terraform Labs and its laminitis Do Kwon has travel nether expanding scrutiny since the LUNA/UST scandal. In May, the Luna 2.0 airdrop was unevenly distributed amongst archetypal LUNA holders, arsenic good as money laundering allegations and an probe by authorities successful South Korea.
The station Terra Founder Do Kwon allegedly voted connected his ain connection utilizing 1 of his concealed wallets appeared archetypal connected CryptoSlate.
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