Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
ฝัง
- เผยแพร่เมื่อ 11 พ.ค. 2022
- Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and Terra's LUNA continue their downward spiral. "The Hash" panel discusses what this means for the fate of UST and the Terra Luna ecosystem. Is history repeating itself?
Subscribe to CoinDesk on TH-cam: th-cam.com/users/CoinDesk...
Site: www.coindesk.com
Twitter: / coindesk
LinkedIn: / admin
Instagram: / coindesk
Facebook: / coindesk
Newsletters: www.coindesk.com/newsletters
CoinDesk Podcast Network: open.spotify.com/show/2jyIhkv...
Markets Daily Crypto Roundup: open.spotify.com/show/7sDXM8B...
CoinDesk is the leading digital media, events, and information services company for the crypto asset and blockchain technology community.
#CryptoNews #Terra #Stablecoin
Don’t see how this scammer can survive the next week without getting murdered.
How much u lose
95% likely.
Already a guy visited his place lol
He's in Singapore?
@@dhwang101 south korean
Do Kwon better learn some Tae Kwon Do. 🥋
best comment so far ! this is what i was going to say
That guy should go to prison.
No he should get drone striked
Do Kwon better run and hide. What is this guy thinking? His second failed project and he is responsible for people losing all of their money and killing themselves. How can a human being show his face after that mess? Homeboy better watch his back. Seriously.
People buying the dip at $20 is one thing, but those staking one anchor is another
Whew glad I sold all (close to 90k) of it 3 months ago! Completely random guess but lucky to take home the profits
Don't worry , you like to gamble so you will lose it all on something else ....
@@erikson024 don’t justify investing with crypto together pls, no one has any idea wtf these coins are. Including you
in korea Do Kwon is on every news. and confirmed him as a scammer. we all gonna sue him
If one human suicide, Do kwon must reponsibility in hell..
Hell is real. Jesus warns about it in the Bible. Hell becomes the lake of fire which is far worse than hell for Satan and the fallen demons.
they take their own lives.
The social media influencers 😂
LUNA to the moon 😂😂😂
Tik Tokers 😂
Exotic life, insult college students, encourage college drop-out 😂 now they are going back to college and learn lol
I think FBI will soon be after him. That’s terrible. I seen this coin but never bought it. I seen what happen to Titan so self minting coins are something I’m staying away from
Why would the fbi be after him he's not even american
Isn't he in Korea?
Crypto nit regulated
yesterday I bought 3 hrs later at the same price after a dip I lost 50% so this supply problem is making it a non investment. But if they fix the supply issues?
they most send luna to a burn adress problem solved
Luna get -99,99%
Even a professional trader couldn't predict how luna will be survive. If luna down to zero, i'll lost my $500 but i've got some conclusion that i kept to my self
its ded, lol
Don't invest what you can't afford to loose
Why to invest anything then. Coz no one wants to lose even a single dollar
@@shantanukulkarni007 he means, dont invest money meant for food, housing, bills etc 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
@@damiandmb2092 all the money you have , you can always buy better food and better house with it. Why settle for less and invest the money in such trash? Why not invest in yourself and improve your lifestyle
@@shantanukulkarni007 you’re Indian, you wouldn’t know
@@shantanukulkarni007 You must be invested in something, otherwise you wouldn't be watching this video!!
0.000350 scam
0.00004 on kucoin
I don't see how the other supposed stable coin are truly peg to real money when they can simply issue more coins without holding any actual assets. It's scam all around for so called stable coins
Jen: who cares about Do Kwon’s past? The projects design was problematic, from the get go.
a shitty ceo will give you shitty products.
Yup
I got out on my UST at an average of $0.80 still a hefty loss. I also have (had) Luna.
You shouldn't have sold it.... You already lost. The titanic sunk and you decided to not hold onto floating door and just committed suicide. Rescue is coming.
Lol, while I'm watching this the guy from MicroStrategy doing a Live saying everybody needs to buy Bitcoin now because you'll make 500% profit by next week. That's right, the CEO of a company that primarily buys Bitcoin for profit is telling other people to buy to make mind-blowing profits instead of just buying it themselves 😐
Are these the "experts"?
So what happened to the all the BTC and AVAX that Terra had bought to back UST?
gone
@@mguendumiguel9523 WOW
Im rooting for you all. You will recover....you have the strength to get this far....imagine you can go farther.
Sold
Do know same guy who acted in ocean’s eleven as a acrobat criminal
Did I lost my all $20 😭
A week chicken tendies.
I thank to God I only lost $15 🤪 I Will regard this as uh junk food purchasing
20 WHOLE DOLLAROOS!? GOT DANG BOI
i invest $4 ust i just recover $3.5
I think he doesn’t like the stable coin that states US dollar
Kwon is reported to be in singapore . Those whos out there get him . he's running away with all the money he laundered .
I was in coma for a year and just woke up yesterday. I'm ready to withdraw all my LUNA to pay for Medical bills. How to withdraw $30M worth of Luna?
You guys are not expert at all
You are though!!
I agree
So what’s your opinion on Lina’s price going forward?
He should be behind bars!
Luna and doge = crap coins -
Funny thing is doge is actually infinitely better than Luna at this point. Not saying Doge is the future, but it shouldn't be compared to Luna.
@@jazzyboi161 Infinitely??? They have zero utility...Its a meme coin 🪙
People need to learn about utility. And the actual utility that can work, also the people behind the scenes.
Most cryptos will vanish in time. Just like the dot coms.
@@babysin1984 Most will, sure. But it's very much so the future. I didn't say I was bullish on Doge, but rather that Doge is a much better investment than Luna.
@@jazzyboi161 Doge is a better investment now. It wasn't before.
Diversify and don't ride hype trains is my opinion. Due dilligance over hopium. Good luck
@@babysin1984 That's the nature of the game. Wise words.
Let the Lady speak!!!!
What's even crazier is Do was generally respected in crypto. Anchor was considered safe. Luna growing was normal but exciting. But the only thing that will ever be remembered is Do kwon being villainized as some evil mastermind when it's the responsibility of each person to understand the tokenomics and the risk (Luna is the collateral, UST is algorithmic which is high risk). there were VCs involved, exchanges, content creators, biased token holders, etc all involved. But how many explained the risks or encouraged others to understand them.
I was glad to see Do kwon get a bit of poetic justice for his arrogance but I'm seeing a bit too much blame being thrown at one person and the same lack of taking responsibility.
The social media influencers 😂
LUNA to the moon 😂😂😂
Tik Tokers 😂
Exotic life, insult college students, encourage college drop-out 😂 now they are going back to college and learn lol
No because Do Kwon was arrogant and blinded by his own echo chamber.
Sologenic to the! 🌙
Find dork kwon!
Doh!!! 😑
Do kwon shoot to kill 😎😎😎
He made reason to robber..
Lol. Hilarious
BitKwonnneectttt
luna reddit sub locked by mods for 2 days! RUG PULL
you didn't let the girl talk until 5 mins in...
Someone has to go 3rd
do not fail, people. if you do you will face what do kwon is facing right now.
You are dead Do Kwon!
Shibaaaaaa inuuuuuuuuu Lets goooo
Lol yeah sure
Damn! that girl is really beautiful!
Cardano is the most trusted, why do you people keep avoiding that simple truth. You are to blame for hoping on band wagons of trendy news. Cardano anybody? Whats your boggle? The info is there, look it up.
No real value in crypto, except for criminals and gamblers. Buy real stocks instead.
Kwon is trully hero, all hail to him. Lets restart again new Luna for a better future investment
He's a dead man walking
🤣😂