Do Kwon, the creator of defunct cryptocurrencies TerraUSD and LUNA, is now the subject of criticism and investigation after the failure of his enterprise sparked a significant market-wide catastrophe this week.
The founder of the tokens is known for his active social media campaign; nevertheless, he has been uncharacteristically silent over the past few days as the network has veered toward disaster.
Kwon stated that he has spent the previous several days calling various community members to inform them that the tokens have lost all value.
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The value of Terra’s native LUNA asset, which was worth about $120 at the beginning of April, plummeted drastically this week and was trading at approximately 0.03 cents as …