{"id":460832,"date":"2022-06-10T23:30:00","date_gmt":"2022-06-10T20:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/do-kwons-alleged-80-million-withdrawals-before-terra-fallout-triggers-mixed-reactions\/"},"modified":"2022-06-10T23:30:00","modified_gmt":"2022-06-10T20:30:00","slug":"do-kwons-alleged-80-million-withdrawals-before-terra-fallout-triggers-mixed-reactions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/do-kwons-alleged-80-million-withdrawals-before-terra-fallout-triggers-mixed-reactions\/","title":{"rendered":"# Do Kwon&#8217;s alleged $80 million withdrawals before Terra fallout triggers mixed reactions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e3a371d0d5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e3a371d0d5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/do-kwons-alleged-80-million-withdrawals-before-terra-fallout-triggers-mixed-reactions\/#%E2%80%9D_Do_Kwons_alleged_80_million_withdrawals_before_Terra_fallout_triggers_mixed_reactions_%E2%80%9C\" >&#8221; Do Kwon&#8217;s alleged $80 million withdrawals before Terra fallout triggers mixed reactions  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Do_Kwons_alleged_80_million_withdrawals_before_Terra_fallout_triggers_mixed_reactions_%E2%80%9C\"><\/span>&#8221; Do Kwon&#8217;s alleged $80 million withdrawals before Terra fallout triggers mixed reactions  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYmZjYWU4ZDctYzQ1MC00ODY0LTkwOGYtNzNhZmNkYjVkZjg1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the matter.<\/p>\n<p>In a tweet, crypto trader and analyst Micha\u00ebl van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1535000096596713479\">said<\/a> that Kwon deserves imprisonment. He compared the Terraform Labs CEO to the infamous fraudster Bernie Madoff. \u201cHonestly, he deserves jail,\u201d Van de Poppe wrote. <\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user DaisiObanla also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DaisiObanla\/status\/1535225306759544833\">agreed<\/a> with Van de Poppe. According to DaisiObanla, he wants to hear the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that Kwon is sentenced to 150 years in prison without any parole. Moreover, football player Nicolas Boulay also chimed in, writing that the Terra executive &#8220;needs to feel the wrath of the community.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DoKwon?src=hash&amp;ref_src=twsrc%5Etfw\">#DoKwon<\/a> isnt <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/lunc?src=hash&amp;ref_src=twsrc%5Etfw\">#lunc<\/a> and will never be able to control the outflows of the assets again.  That being said, this man has played the investors and cost people their financial safety and needs to feel the wrath of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/community?src=hash&amp;ref_src=twsrc%5Etfw\">#community<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/decentralized?src=hash&amp;ref_src=twsrc%5Etfw\">#decentralized<\/a><\/p>\n<p>\u2014 Nicolas Boulay (@NicolasBoulay) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NicolasBoulay\/status\/1535224807247192065?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nWhile there are many who call for jail time, some disagree with the sentiment. President Bodhi <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PresidentBodhi\/status\/1535005886304903174\">tweeted<\/a> that they disagree, saying that &#8220;nobody puts casino owners in jail,&#8221; implying that investing in the asset was a gamble. Following this, Twitter Druid Andrew also said that Kwon didn&#8217;t do anything that violates the criminal code. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>eals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September<\/em><\/strong><\/p>\n<p>Authorities in South Korea have also started to investigate Terraform Labs and its workers for an alleged Bitcoin (BTC) embezzlement. With the cooperation of an exchange platform, the authorities were able to freeze the funds in question. The investigation was initiated after the police received a tip from an informant who worked in the firm. <\/p>\n<p>Amid the Terra debacle, South Korea&#8217;s ruling party revealed plans to form a digital asset committee that will become crypto&#8217;s watchdog. The organization will prepare policies and supervise the industry prior to the formation of a government entity dedicated to crypto. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/do-kwon-s-alleged-80-million-withdrawals-before-terra-fallout-triggers-mixed-reactions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Do Kwon&#8217;s alleged $80 million withdrawals before Terra fallout triggers mixed reactions &#8220; Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the matter. In a tweet, crypto trader and analyst Micha\u00ebl&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYmZjYWU4ZDctYzQ1MC00ODY0LTkwOGYtNzNhZmNkYjVkZjg1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75493,122378,117,7058,10401],"class_list":["post-460832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-stablecoin","tag-terra","tag-business","tag-community","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=460832"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460833"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}