It is time to take heed to the opposite facet. Fats Man Terra was once a cog within the Terra machine, however immediately he is the protocol’s greatest critic. He is additionally a researcher, and his analysis led him to consider that Terra was a fraud from the beginning. positive, Do Kwon interview with Laura Shin Fats Man rubbed Terra the fallacious method. So, exercising his proper of reply, he went to the identical platform and shared his facet of the story.

If what Fats Man Terra says is true, then the Terra/Luna story is a horror movie.

A court docket will in all probability determine whether or not he’s proper or fallacious. Let’s study his allegations and contemplate that that is simply the investigator’s interpretation of the information. However maybe he is aware of extra in regards to the Terra/Luna case than anybody else on Earth.

That is the introduction to the episode titled “Fats Man Terra speaks: Do Kwon is a “sociopath” and a “charismatic manipulator”.“:

“Fats Man Terra, the nameless Twitter account campaigning to carry Do Kwon to justice, responds to my latest interview with Do Kwon and shares what he thinks has been betrayed about his character.”

That is the video:

Fats Man Terra introduces the case

• In keeping with the pseudonymous investigator, the Terra creators “unfairly enriched themselves” and did not launch essential data to buyers. Deliberately.
• Referring to his interview with Shin, Fats Man Terra says Do Kwon “dance round questions” and did not reply a few of them immediately.
• He believes Do Kwon “intentionally lied” about Terra’s breakup with Chai. Each when it occurred and throughout the interview. At finest, the state of affairs was “severely abused”.
• Fats Man Terra claims that on-chain information exhibits TerraForm Labs has paid out billions of {dollars}. They’ve paid off all through Terra’s existence.
• He additionally believes there may be proof that the group “has stashed a whole lot of hundreds of thousands.”
• In keeping with the pseudonymous investigator, Terra claimed on the time that the protocol had been attacked, however couldn’t discover “proof of fraud.”

The investigator additionally believes Do Kwon is “unable to stay to a narrative.” It is a trait that scammers typically exhibit. And he claims there is a cause regulators all over the world are retaining an in depth eye on Terra. Some issues do not add up, and this case is way from over.

LUNA value chart on Eightcap | Supply: LUNA/USD on TradingView.com

Opinions on Do Kwon’s character

Fats Man respectfully goes for Terra’s throat. He has studied Do Kwon and his analysis is that the person:

• A “sociopath with little regard for individuals’s emotions”.
• “avoiding prosecution” and “undoubtedly on the run”.
• An fool. Apparently, Do Kwon held the entire firm’s bitcoin reserves in a single pockets.
• A liar. He knew his involvement within the failed algorithmic stablecoin Foundation Money was related and will have disclosed it.
• A thief. Do Kwon professed to be an enormous believer in Terra and marketed it as such in retail shops. In actuality, he “pulled out” a whole lot of hundreds of thousands “without delay.”

In keeping with Fats Man Terra, all of it boils right down to that. “If you happen to actually consider in UST, why did you pay out a lot?” he asks Do Kwon. Additionally, why did he compile statistics and inflate the community’s numbers?

The investigator will “begin to suppose he is sorry” when Do Kwon begins bailing out affected Terra buyers out of pocket.

Fats Man Terra remains to be optimistic

The parasites will at all times be there, surrounding the crypto house. In keeping with Fats Man Terra, if the business is to outlive, we should begin “calling out scammers” and “pushing for justice.” He believes the business will develop “fail-safe mechanisms” to filter out dangerous actors, and on the whole he is “optimistic about the way forward for house.” However do not be fooled. Regardless of the optimism, the investigator claims that “Terra was a fraud on each level.”

In keeping with Laura Shin, Do Kwon will tackle the allegations once more sooner or later.

Featured picture: Screenshot of Laura Shin from the interview | Charts by TradingView