How Did Do Kwon Allegedly Cash Out $2.7B From Terra Network?

The collapse of the Terra ecosystem sent shockwaves through the crypto world, and questions surrounding the actions of its founder, Do Kwon, have intensified. One of the most persistent and damaging allegations is that Do Kwon allegedly cashed out $2.7 billion before the network\'s demise. But how did this alleged withdrawal occur?

Degenbox: The Mechanism for Liquidity Drainage?

Some reports point to a mechanism called "Degenbox" as a key component in the alleged cash-out. According to these claims, Degenbox provided "the perfect mechanism to drain liquidity out of the LUNA" network. Specifically, claims allege that Do Kwon cashed out $2.7 billion (33 x $80m!) over the span of mere months thanks to the platform.

Do Kwon\'s Denial and Ongoing Investigations

Do Kwon slammed allegations painting him as the main villain behind the devastating collapse of Terra\'s UST and LUNA. He is denying claims that he cashed out $2.7 billion from the Terra ecosystem. Allegations first surfaced in January that the embattled co-founder of Terraform was being investigated. Following several reports of the claim that Terra founder, Do Kwon, cashed out $2.7 billion ahead of the collapse, investigations are reportedly ongoing.

The Role of Bitcoin Fraud Allegations

Adding another layer of complexity, Terraform Labs is also reportedly being investigated regarding a Bitcoin fraud. These allegations compound the existing concerns surrounding the financial activities leading up to the Terra ecosystem\'s failure.

FatManTerra\'s Allegations

Well-known anonymous Twitter account FatManTerra made another massive allegation yesterday, arguing that Do Kwon, the founder, and CEO of Terra, cashed out a whopping $2.7 billion. These accusations have further fueled public scrutiny and calls for greater transparency.

The Controversy Surrounding Terra\'s Collapse

Barely a month after the almost unprecedented collapse of the Terra ecosystem, controversies surrounding Do Kwon continue to swirl. The central question remains: How Did Do Kwon Allegedly Cash Out $2.7B From Terra Network?

While definitive proof remains elusive, the allegations surrounding Degenbox, the Bitcoin fraud investigation, and the claims made by individuals like FatManTerra paint a complex and concerning picture of the events leading up to Terra\'s downfall. The search for answers continues.