Terra (LUNA) Founder Do Kwon Gets Told ‘Jail Is Not That Bad’

Terra (LUNA) Founder Do Kwon Gets Told ‘Jail Is Not That Bad’

Do Kwon, the creator of TerraForm Labs, jumped on a Twitch podcast in the early hours of Wednesday morning to discuss the ongoing FTX crash. The Crypto Waldo was unexpectedly joined by Martin Shkreli, often referred to as “Pharma Bro.”

The golden piece of advice given by Shkreli, who was sentenced to four years in prison for tax fraud, was:

“I just want to let you know jail’s not that bad, it’s not the worst thing ever, so don’t fret. I hope it doesn’t happen. But if it does happen, it’s not that bad.” Do Kwon took the advice with a pinch of salt, remarking “good to know.”

South Korean Authorities Can’t Get A Hand On Do Kwon

The podcast appearance comes at a very capricious time for the crypto world. The South Korean authorities are still trying to track down the founder of the Terra (LUNA) monstrosity that wiped out $60 billion of investor funds and is linked to around $2 trillion losses in various crypto hedge funds.

However, the public has their eyes on FTX, the second largest crypto platform in the world that’s currently being shredded to pieces. The platform’s native token FTX (FTT) went down by 80% in just 24 hours, as the squabble between Binance and FTX bosses resulted in the largest crypto platform swallowing its competitor with ease.

The South Korean government earlier gave Do Kwon the ultimatum to surrender his passport in 14 days. The date for this ultimatum already expired last month, hinting that Do Kwon still might have not noticed Interpol’s Red Notice.

Crypto Halloween Continues With Zombies Coming Back

Moreover, this has been Do Kwon’s third media appearance ever since the Terra (LUNA) and Terra (UST) fiasco happened. This time, however, Terra’s boss isn’t alone, as Su Zhu, the co-founder of the busted Three Arrows Capital (3AC) crypto hedge fund, emerged from the ground to offer his philosophical take on the ongoing crypto beatdown.

Three Arrows Capital (3AC) was closely linked to the Terra (LUNA) fiasco and the officers have played a similar cat and mouse game with the founders of the eliminated crypto hedge fund as they are doing in relation to TerraForm Labs CEO.

This Wednesday, the crypto slaughterhouse continues to be in full action with KuCoin’s users experiencing withdrawal issues and Crypto.com halting stablecoin USDT and USDC withdrawals immediately.

On the Flipside

  • Interpol recently launched its own metaverse.
  • As Interpol’s pursuit of Do Kwon continues, the Interpol Metaverse is also dedicated to combatting the sky-high rate of cybercrime.
  • Interpol’s Red Notice Page doesn’t show Do Kwon’s name, which raised a lot of questions in the crypto community.

Why You Should Care

Do Kwon is one of Terra’s insiders that have an arrest warrant against them. As the investigation into Terra (LUNA) downfall escalates, a vigilante unit formed out of Terra’s investors is trying to hunt down Do Kwon in Dubai, where he was last seen.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Author

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.