Did Do Kwon dissolve Terra Luna's Korean entity days before the crash? The timeline suggests a concerning connection. Terraform Labs founder Do Kwon reportedly closed down his company in Korea days before the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Was this strategic or simply unfortunate timing?
Official documents leaked online reveal that Terraform Labs in Seoul and Busan in Korea were dissolved on April 30, a few days before the collapse of Terra. This raises serious questions about potential foreknowledge and intent.
Adding fuel to the fire, Terraform Labs Korea was disbanded by Do Kwon, dissolving its headquarters and lone branch days before the collapse of Terra crypto (LUNA) and stablecoin TerraUSD (UST). Many investors feel betrayed by these actions.
South Korean supreme court documents show that just a week before the price of TerraUSD and its sidekick coin Luna utterly collapsed, company founder Do Kwon and his associates were actively liquidating Terraform Labs' Korean presence. The timing is undeniably suspicious and warrants further investigation.
The dissolution of Terra Luna's Korean entity before the catastrophic crash has led to widespread accusations of foul play and demands for accountability. Was this a deliberate attempt to shield assets or avoid legal repercussions? The investigation is ongoing, but the evidence suggests a troubling link between Do Kwon's actions and the Terra Luna collapse.