Monday, November 28, 2022
HomeBitcoinFats Man Terra Visits Laura Shin

Fats Man Terra Visits Laura Shin

It’s time to take heed to the opposite aspect. Fats Man Terra was once a cog within the Terra machine, however these days he’s the protocol’s greatest critic. He’s additionally a researcher, and his investigation lead him to imagine that Terra was a rip-off from the very starting. In fact, Laura Shin’s Do Kwon interview rubbed Fats Man Terra the incorrect manner. So, exercising his proper to answer, he went to the identical platform and advised his aspect of the story.

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

A court docket will most likely determine if he’s proper or incorrect, although. Let’s discover his allegations, taking into consideration that that is simply the investigator’s interpretation of the info. He would possibly know extra concerning the Terra/ Luna case than everybody on Earth, although.

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 devoted to bringing Do Kwon to justice, reacts to my current interview with Do Kwon and says what he thinks it revealed about his persona.”

That is the video:

Fats Man Terra Presents The Case

  • In line with the pseudonymous investigator, the Terra creators had been “unfairly enriching themselves” and didn’t disclose crucial info to traders. On objective.
  • Relating to his interview with Shin, Fats Man Terra thinks Do Kwon was “dancing round questions” and didn’t reply instantly a number of of them. 
  • He thinks Do Kwon was “deliberately mendacity” about Terra’s breakup with Chai. Each when it occurred and throughout the interview. At finest, the scenario was “closely mishandled.”
  • Fats Man Terra claims that on-chain knowledge exhibits that TerraForm Labs cashed out billions of {dollars}. They cashed out all through Terra’s entire existence.
  • He additionally thinks there’s proof that the group has “a whole bunch of tens of millions stashed away.”
  •  In line with the pseudonymous investigator, on the time Terra claimed that the protocol was attacked, however couldn’t discover “proof of fraud.”

The investigator additionally thinks that Do Kwon is “not in a position to stick to 1 story.” That’s a attribute that fraudsters typically exhibit. And he claims there’s a purpose that regulators all around the world are taking a look at Terra particularly. Some issues don’t add up, and this case is much from over. 

LUNAUSD price chart - TradingView

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

Opinions About Do Kwon’s Character

Respectfully, Fats Man Terra goes for the throat. He’s been finding out Do Kwon and his analysis is that the person is:

  • A “sociopath with little regard for individuals’s emotions.”
  • “Avoiding legislation enforcement” and “undoubtedly on the run.”
  • An fool. Apparently, Do Kwon held all the firm’s bitcoin reserves in a single pockets. 
  • A liar. He knew that his involvement within the failed algorithmic stablecoin Foundation Money was related and will have disclosed it. 
  • A thief. Do Kwon was pretending to imagine in Terra over all the things and selling it as such to retail. In actuality, he was “concurrently pulling out” a whole bunch of tens of millions. 

In line with Fats Man Terra, all of it comes all the way down to that. “Should you actually imagine in UST, why did you money out a lot,” he asks Do Kwon. Additionally, why did he made up statistics and inflated the community’s numbers? 

The investigator will “begin to imagine he’s sorry” when Do Kwon begins making affected Terra traders entire from his personal pocket. 

Fats Man Terra Is Nonetheless Optimistic

The parasites will all the time be there, surrounding the crypto area. In line with Fats Man Terra, if the trade desires to outlive we now have to begin “calling out scammers” and “pushing for justice.” He believes the trade will develop “failsafe mechanisms” to filter out dangerous actors and, usually, he’s “optimistic about the way forward for the area.” Make no mistake, although. Regardless of the optimism, the investigator claims that “Terra was a rip-off at each degree.”

In line with Laura Shin, Do Kwon shall be again to reply the allegations sooner or later.

Featured Picture: Laura Shin screenshot from the interview | Charts by TradingView

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