Terra employees reportedly confirmed to the SEC that Do Kwon cashed out 80 million a month prior to the LUNA and UST crash

Share
Tyler Moore

Do Kwon has reportedly not received any official payment from Terraform Labs but has cashed out $80 million a months before the LUNA and UST crash. And Luna is also under investigation from the SEC because his blockchain service is used to buy US equities. Troubles for Do Kwon. Fair to say the team had $15 billion worth of tokens when it was trading north of $100. $80 million per month wouldn’t be out of the ordinary.