Recently, the crypto industry witnessed one of the biggest falls in the crypto space, TerraUSD was supposed to maintain its 1 to 1 peg to the USD, the stablecoin, however, failed to live up to the mark, depegged, and led to the crash of the entire Terra ecosystem.
This event has generated attention both from retail and biggest investors in the crypto space leading to investors and traders doubting the stability of stablecoins.
Since the inception of this event, Terra’s CEO has been criticized and alleged that his project was a Ponzi scheme, regulators of countries have been investigating Terra.
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Anonymous Message to Do Kwon
In response to Terra event, the popular hacktivist, Anonymous has posted a video on YouTube, with a “threatening message” to expose the Terra CEO, Do Kwon’s “crimes” for justice against investors who lost their funds to various projects by Do Kwon.
The four minutes video which was uploaded on Sunday reveals Anonymous pledges to deal with Terra’s CEO highlighting the various crimes he has committed in the crypto industry including cashing out nearly $80 billion prior to the collapse of the Terra (LUNA) ecosystem.
Anonymous in the video also mentioned Basis Cash, a stablecoin that collapsed last year created by the Terra CEO, Do Kwon under the pseudonym name, “Rick Sanchez,” a crime he was never held accountable for, due to him creating the coin under the pseudonym of Rick Sanchez, a name inspired by the famous cartoon characters Rick and Morty.
The group also maintained that Do Kwon had “bad intentions from the start” and noted that his crimes in the crypto industry should be exposed as soon as possible.
In a statement in the video, “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light.”
Furthermore, the group added that there are many more crimes committed by Terra CEO that are yet to be discovered.
“Do Kwon, if you’re listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible.” The video later added.
Minutes after the video was released, it went viral on various social media, Twitter especially, of which the crypto community applauded the group, some alleged that the hacktivist group also invested in LUNA.
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