‘Whistleblowers’ Tag FTX CEO, Do Kwon as Masterminds of LUNA
- Sam Bankman-Fried, Do Kwon, and Jump Crypto have been accused of being the masterminds behind the LUNA and UST collapse.
- FatMan Terra claimed that whistleblowers contacted him in the last 48 hours.
- The accused have not made any statements, and nothing has been proven yet.
Anonymous persons who claim to be whistleblowers tagged Do Kwon, FTX CEO Sam Bankman-Fried, and Jump Crypto President Kanav Kariya as masterminds of the LUNA and UST crash. According to a series of posts by Twitter user @FatManTerra, these people were involved in the suspicious demise of LUNA and UST.
FatMan Terra, who claims to be working for the Terra Research Forum, mentioned some allegations that many crypto fans would find troubling. For instance, he said that Terra godfather Do Kwon received Jump Crypto’s bailout in May 2021. He added that Kwon owes Jump Crypto a certain amount of LUNA every month.
It is not clear what happened in May 2021, although it is the period where LUNA started increasing in value. For perspective, LUNA was minted in around early 2019, although it has been under $1 for the most part.
FatMan Terra also accused Jump Crypto of manipulating retail trading into losing billions on UST and LUNA. Jump Crypto is the crypto arm of trading and investment firm Jump Trading Group.
However, the most prominent person tagged in the latest controversy is Bankman-Fried, who is alleged to have made a 30% Serum handshake deal with Jump Crypto. What is more troubling is what he “did to retail investors after.”
On the other hand, the persons tagged in the latest allegations have yet to respond.
While the allegations have not proven anything, persons affiliated with prominent media have taken attention. For instance, Crypto Banter Founder Ran Neuner commented on the thread, expressing his interest in the story.
To be fair to the accused, this is not the first time that FatMan Terra has tweeted about the LUNA and UST controversy. However, he has not provided anything substantial that can be used as evidence against Kwon, Bankman-Fried, and Jump Crypto.
In other news, a video of Kwon mentioning a “Terra Kill Switch” in 2021 has resurfaced, causing LUNA investors to worry further.