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The Chai Lie Do Kwon went around on podcasts telling people Chai x Terra was being used by major Korean merchants, and nobody called him out on the fact that Chai had no users and no real merchants at that time. It was a scheme for TFL to launder money out. No accountability.
The Multisig Lie Do Kwon publicly told people multiple times that the LFG funds were being held on a multisig wallet controlled by 7 directors. In fact, only TFL controlled the wallet, and Do Kwon pulled out the last batch of coins without a board vote. No accountability.
The Peg Defence Lie The $3b removed from the LUNA ecosystem for ongoing 'peg defence' was instead used as a bailout treasury for when the peg had already collapsed, and was also used to purchase large tranches of LUNA OTC, which was never a disclosed mandate. No accountability.
The Project Dawn Lie TFL gave themselves a monthly allowance of 3M LUNA for 'Project Dawn' infrastructure improvements, promising monthly reports with full transparency. These reports never came, and a lot of this LUNA was moved off to centralized exchanges. No accountability.
The Terra 2 Distribution Lie Do Kwon told the validator chat room that TFL owned 0 tokens. They told you this would be a community chain. And yet, wallets controlled by TFL secretly siphoned off over 3.3% of the supply (vesting), currently worth over $230m. No accountability.
The community must band together as a force and call out these vultures when their lies arise. Let there be consequences. Let there be transparency. Let there be justice. Every lie, every scam, is a stain on our beloved space and brings us one step further from our aims.
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