fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, April 1, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Is Do Kwon rigging Terra 2.0 proposals with shadow wallets?

June 7, 2022
in Altcoin
Reading Time: 2 mins read
A A
Is Do Kwon rigging Terra 2.0 proposals with shadow wallets?
ShareShareShareShareShare

The entire globe witnessed the collapse of Terra. Amidst accusations, regulations, and suicidal stories, the creator of the network Do Kwon was brewing something. An array of individuals and entities came forward to help the network stand back on its feet. But, Kwon was adamant about moving forward with a fork that had nothing to do with the original chain [Terra Classic]. While most of the community was against this, the proposal still managed to garner the required number of votes. Now, with the new chain in place, several have started calling out Kwon for allegedly rigging all the governance proposal votings.

FatMan, a researcher of the Terra community has been creating quite a stir in the market by disclosing information about the Kwon and Terraform Labs [TFL]. Once again, this researcher made noise by revealing that TFL did own a lot of LUNA. Time and again, Kwon stressed that TFL did not entail any LUNA tokens. However, as per FatMat, the platform had nearly 42 million LUNA worth more than $200 million.

Related articles

Kraken sponsors F1 car with Bitcoin whitepaper

Kraken sponsors F1 car with Bitcoin whitepaper

April 1, 2023
Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

March 31, 2023

Both Kwon and TFL have reportedly been using shadow wallets to store their LUNA.

FatMan further alleged that Kwon would have most likely employed his shadow wallets to approve his Terra proposals. The researcher said,

“Do Kwon used his shadow wallet to approve *his own proposal* through governance manipulation (TFL is not supposed to vote), told everyone it would be a community-owned chain, and then gave himself a nine-figure score. These are just the verified wallets – there are many others.”

‘Do Kwon lacks moral fibre’

Kwon has constantly emphasized how Terra 2.0 was mostly a community-owned chain. However, this notion was disrupted after TFL’s holdings came to light. While there is still a possibility of the network emerging as a community-owned chain, FatMan believes that TFL wouldn’t allow this.

As a result, FatMan alerted the community and asked them to remain cautious of what they spend their money on. The researcher added,

“Exercise caution and know what you are buying. These people have no moral fibre. They will lie for money at every possible turn.”

The community’s trust in Kwon continues to reside on a dainty string. LUNA 2.0 has been in a slump for quite some time now. LUNA 2.0 is currently 77 percent below its all-time high of $19.54. During press time, the asset was trading for $4.33 with a 20 percent daily drop.


Credit: Source link

ShareTweetSendPinShare
Previous Post

SEC legal action over BNB token prompts fears over which altcoin is next

Next Post

Major Websites Show Wrong Data of $660M in Ethereum Shorts

Related Posts

Kraken sponsors F1 car with Bitcoin whitepaper

Kraken sponsors F1 car with Bitcoin whitepaper

April 1, 2023

Ad Crypto exchange Kraken has sponsored a Formula 1 (F1) sports car featuring a section of the Bitcoin whitepaper, as...

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

March 31, 2023

Ad Binance.US said in a status update on March 31 that some deposit and withdrawal options will be temporarily unavailable...

Bittrex to halt US operations by end of April

Bittrex to halt US operations by end of April

March 31, 2023

Ad Bittrex, a notable cryptocurrency exchange, said that it plans to voluntarily halt U.S. operations in an email sent to...

More than 50% of Bitcoin mining uses renewable energy

More than 50% of Bitcoin mining uses renewable energy

March 31, 2023

Ad The majority of power used in Bitcoin mining comes from renewable energy sources, according to research by ESG analyst and...

How High Can DOGE Go in April 2023?

How High Can DOGE Go in April 2023?

March 31, 2023

With recent events causing turmoil, many people are interested in predicting the price of Dogecoin (DOGE). As the first-ever meme...

Load More
Next Post
Major Websites Show Wrong Data of $660M in Ethereum Shorts

Major Websites Show Wrong Data of $660M in Ethereum Shorts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

March 29, 2023
Algorand price surges over 12%

Algorand price surges over 12%

March 29, 2023
MOSDEX Offers Investors Alternative From Banking Turmoil with Innovative Staking Platform

MOSDEX Offers Investors Alternative From Banking Turmoil with Innovative Staking Platform

March 27, 2023
Bitcoin’s Horizontal Levels Show Potential For Bullish Trend

Bitcoin’s Horizontal Levels Show Potential For Bullish Trend

April 1, 2023
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation

Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation

March 26, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025 – Taxes Bitcoin News
  • Can TMS Network outperform Solana and Avalanche?
  • Binance.US Halts BUSD Services Amid Investigation
  • Bittrex Bids Farewell to US Crypto Market Amid Regulatory Turmoil
  • Avalanche Launches Avaissance to Boost NFT Ecosystem
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,471.002.01%
  • ethereumEthereum(ETH)$1,828.461.98%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$315.02-0.46%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • rippleXRP(XRP)$0.51-3.53%
  • cardanoCardano(ADA)$0.390884-0.35%
  • staked-etherLido Staked Ether(STETH)$1,822.631.94%
  • dogecoinDogecoin(DOGE)$0.0765762.71%
  • matic-networkPolygon(MATIC)$1.112.28%
  • solanaSolana(SOL)$21.083.74%
  • polkadotPolkadot(DOT)$6.292.00%
  • binance-usdBinance USD(BUSD)$1.000.08%
  • litecoinLitecoin(LTC)$93.425.96%
  • shiba-inuShiba Inu(SHIB)$0.0000112.32%
  • tronTRON(TRX)$0.0666431.29%
  • avalanche-2Avalanche(AVAX)$17.703.09%
  • daiDai(DAI)$1.000.06%
  • uniswapUniswap(UNI)$6.194.25%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,480.002.03%
  • chainlinkChainlink(LINK)$7.551.11%
  • ToncoinToncoin(TON)$2.257.89%
  • cosmosCosmos Hub(ATOM)$11.160.85%
  • leo-tokenLEO Token(LEO)$3.38-1.86%
  • stellarStellar(XLM)$0.1085540.22%
  • ethereum-classicEthereum Classic(ETC)$20.622.47%
  • moneroMonero(XMR)$156.72-0.07%
  • okbOKB(OKB)$41.871.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$125.132.89%
  • filecoinFilecoin(FIL)$5.673.39%
  • hedera-hashgraphHedera(HBAR)$0.070595-0.77%
  • lido-daoLido DAO(LDO)$2.404.80%
  • true-usdTrueUSD(TUSD)$1.000.13%
  • AptosAptos(APT)$11.230.28%
  • quant-networkQuant(QNT)$124.27-0.61%
  • crypto-com-chainCronos(CRO)$0.0692601.84%
  • nearNEAR Protocol(NEAR)$1.993.93%
  • ArbitrumArbitrum(ARB)$1.34-0.73%
  • vechainVeChain(VET)$0.0232792.52%
  • algorandAlgorand(ALGO)$0.2233121.36%
  • apecoinApeCoin(APE)$4.223.31%
  • internet-computerInternet Computer(ICP)$5.140.85%
  • eosEOS(EOS)$1.201.69%
  • fantomFantom(FTM)$0.4668942.94%
  • the-graphThe Graph(GRT)$0.1435711.40%
  • blockstackStacks(STX)$0.911.45%
  • the-sandboxThe Sandbox(SAND)$0.632.73%
  • decentralandDecentraland(MANA)$0.593.59%