Do Kwon's alleged $80 million withdrawals before Terra fallout triggers mixed reactions

Cointelegraph

Published Jun 10, 2022 04:30PM ET

Updated Jun 11, 2022 06:20PM ET

Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the matter.

In a tweet, crypto trader and analyst Michaël van de Poppe said that Kwon deserves imprisonment. He compared the Terraform Labs CEO to the infamous fraudster Bernie Madoff. “Honestly, he deserves jail,” Van de Poppe wrote.

Continue Reading on Coin Telegraph