Do Kwon of Terra: 'It Was Never Really About Money or Fame or Success' - Ep. 408

Published: Oct. 18, 2022, 7:30 a.m.

b'Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices, and much more.\\n\\nShow highlights:\\n\\nwhether Do finds the charges based on the Capital Markets Act legitimate\\xa0\\n\\nwhy he doesn\\u2019t want to discuss his location\\n\\nwhether the South Korean government is lying about the accusations against him\\n\\nwhat happened with the BTC held by the Luna Foundation Guard\\n\\nwhether Do regrets being so arrogant in his tweets\\n\\nwhat he would say to the people who lost huge amounts of money in Terra or family members of people who committed suicide due to its collapse\\n\\nthe decision to set Anchor\\u2019s yield near 20%\\xa0\\n\\nwhy Terra had a large SDT pre-mine that was not proactively disclosed\\n\\nwhether Do\\u2019s actions show he didn\\u2019t think that the algorithmic mechanism was sufficient to keep UST pegged to the dollar\\n\\nwhether Terraform Labs cashed out $2.7 billion using Degenbox\\n\\nwhy there were no disclosures about Chai terminating its agreement with Terra\\n\\nwhy the Terra blockchain went through a hard fork without a public discussion\\n\\nthe failure of the basis cash stablecoin, also worked on by Do Kwon\\n\\nwhether an algorithmic stablecoin can work\\n\\nthe week of the UST depeg and what happened to the funds held by LFG\\n\\nwhere the 3 million Luna unlocked per month by Project Dawn went\\n\\nwhen the LFG will return funds to UST holders\\n\\nwhat Do would do differently if he had the chance to go back\\n\\n\\xa0\\n\\xa0* Quick correction*\\n\\xa0At 7min 18sec, I misspoke, the Korean government posted a pdf for Do Kwon\\u2019s passport revocation, not his arrest warrant.\\xa0\\n\\n\\xa0\\nThank you to our sponsors!\\nCrypto.com\\nChainalysis\\nweb3 with a16z\\n\\xa0\\nEpisode Links\\nDo Kwon:\\nTwitter\\n\\xa0\\nPrevious Coverage of Unchained on Do Kwon and Terra:\\n\\nHow Will the Legal Case Against Do Kwon Play Out in South Korea?\\n\\nDo Kwon Is Backing UST With Bitcoin \\u2013 And Here\\u2019s What Else He Is Building\\n\\nThe Legal and Regulatory Fallout From Terra\\u2019s Collapse: Who Will Pay?\\n\\nThe Chopping Block: Does the New Terra Have Any Chance?\\n\\nHester Peirce\\u2019s Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF\\n\\nWhy Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed\\n\\n\\xa0\\nDevastating Stories\\n\\nOne man commits suicide\\n\\nFat Man Terra\\u2019s thread with several stories\\n\\n\\xa0\\nSDT pre-mine\\nCoinDesk Korea article\\n\\nAnchor yield\\nJTBC article reporting core devs wanted a lower yield\\n\\xa0\\nChai\\xa0\\n\\nWSJ article\\n\\n\\nDo\\u2019s tweets about Chai:\\n\\n2.5 million users\\n\\n\\nTweet in May 2021\\n\\n\\nTweet in May 2021 #2\\n\\nTweet in January 2021\\n\\n\\xa0\\nAbracadabra Degenbox\\n\\n$2.7 billion cash out\\n\\n\\nTFL Exit Liquidity dashboard on Dune\\n\\n\\xa0\\nProject Dawn\\n\\nLaunch\\n\\nThe Defiant article\\n\\n\\n\\xa0\\nBasis Cash\\nCoinDesk article\\n\\n\\xa0\\nLuna Foundation Guard\\n\\nErgo-BTC on-chain evidence of more than 313 BTC\\n\\nDumps BTC\\n\\nLFG postpones compensation\\n\\n\\xa0\\nAllegations against Do Kwon\\n\\n\\nSBS news reporting Do moved funds to the Virgin Islands.\\n\\nSeoul Police Probe Allegation of Embezzlement by Terraform Staff\\n\\nSouth Korea Launches Investigation into Company Behind Luna Crypto Crash\\n\\nClass action against Do Kwon\\n\\nWas LUNA a Security?\\n\\nKorean prosecutors are looking into Terra\\n\\nRed Notice\\n\\n\\u201cNot on the run\\u201d\\n\\nKwon\\u2019s Passport\\n\\n\\n\\xa0\\nSEC Actions Against Terra\\n\\nSEC Investigating UST Stablecoin Blowup in Fresh Threat to Terra\\n\\nTerraform Labs Loses US Appeal over SEC Subpoena\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'