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The fact that this post on Reddit alleging Do Kwon somehow 'stole' 10K bitcoins based on 'blockchain evidence' has 1.4K upvotes goes to show how easy it is to spread falsehoods... The trades were OTC. Funds going to an exchange or cold wallet doesn't insinuate impropriety.pic.twitter.com/kkCQErzIwY
Once they hit an exchange, the BTC really can go anywhere and it wouldn't be possible to track it via the chain. Deposits can come from one wallet and withdrawals can go out another. CZ and Do Kwon know where the coins really ended up... We don't. Don't make wild accusations.
(If Do Kwon did steal money, it would be in a far more nuanced manner than just "let me send money to myself and say I bought UST." That's ridiculous. The trades probably did happen - the question is, who with, and did TFL benefit? We can only speculate for now.)
So you trust in Do Kwon? Are you sure that all btc reserve were used to repeg ?
I'm not sure - we need a lot more transparency from LFG about where the coins went and who they went to. I'm just saying that these blockchain sleuths claiming they've proven that Do Kwon pocketed thousands of coins don't really know what they're talking about.
Did he come out with facts to deny those allegations? No . Where is smoke there is fire . That’s why I said there should an thorough investigation before ,during and after the crash as to what happened. I’m not accusing anyone just saying if they have nothing to hide !
You say you're not accusing... but started by saying where there's smoke there's fire. You're entitled to your opinion, but this is contradictory.
It was obvious that Do kwon still reserving bitcoin in his another account and lying everyone until now! People must start expatriate his everything&find out how much wealth he hidden out .In result everybody will get compensated and no damage!!! LFG data it's just scam tbh :(
But for sure, Terra and Kwon can show us all that transactions and how much they defend the depegging. And if this was true, I personally would believe them they have honest attention also in the future of the project.
This is why I gave up on Reddit.. twitters better during hard times
@fatmanterra if what you say is true why did kwon delete his tweet that he has made the final draft amendment on his twitter- now only the amended 18 May document exists- he knows that he pretended to make a final draft then released the new draft 2 days later
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