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Terra Founder Do Kwon allegedly voted on his personal proposal utilizing one in all his secret wallets


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Do Kwon, the founder, and CEO of Terraform Labs, has confronted a number of allegations of foul play concerning the collapse of the Terra (LUNC) cryptocurrency and TerraUSD (USTC) stablecoin. Allegations have ranged from siphoning $8 million month-to-month to withdrawing $2.7 billion from the Terra ecosystem by way of DegenBox.

Now the Terraform Labs CEO has been accused of vote-rigging by a Twitter whistleblower. Based on the pseudonymous whistleblower FatMan, Do Kwon broke Terraform Labs guidelines by utilizing one in all his secret wallets to vote on the agency’s proposal for Terra Station.

FatMan’s made these claims by way of his Twitter account, saying: 

“Caught. The ‘thriller’ pockets with a 20M LUNA airdrop that was voting on Do’s personal proposal, delegating to North Star, insider buying and selling ASTRO, and so on. – it’s formally confirmed that it belongs to Do Kwon himself.”

The tweet additionally features a screenshot of a previous Twitter thread the place FatMan tried to seek out the true id of the “thriller pockets” that voted “Sure” to Do Kwon’s proposal with 5% of the voting energy and funded by 20 million LUNA tokens.

Do Kwon responded by saying he would draw the road at “doxxing wallets” and urging the whistleblower to “keep above the witchhunt”.

FatMan tried to inquire concerning the relationship between the pockets and Terraform Labs to which Do Kwon responded by saying that the pockets belonged to the “Token buy settlement holder with TFL [Terraform Labs]”, after which declining to remark any additional.

This tweet is a part of a three-tweet thread that outlines the allegations with hyperlinks to the Columbus-5 proposal and Do Kwons alleged secret pockets.

FatMan went on to say that Do Kwon used the identical secret pockets to ship in a proposal titled “Columbus-5 Mainnet Improve Proposal and Suggestions” within the month of August 2021. 

FatMan shared one of many proposals known as Col-5 Agora to offer additional proof that Do Kwon used the pockets to vote on particular proposals. On this specific proposal, the pockets was used to vote a number of instances to make sure that the proposal was profitable.

As FatMan identified, the pockets in query is Kwon’s second alternative pockets for casting votes on proposals.

FatMan completed off the thread by stating that Terraform Labs claimed they wouldn’t vote on proposals or benefit from inside info. The whistleblower additionally went on to assert that the corporate solely desires to “extract more cash out of the group”:

“They advised you TFL doesn’t vote. They advised you TFL didn’t get the drop. However you’ll discover that each tiny factor they do is to extract more cash out of the ‘group’ by way of wordplay and manipulation. He doesn’t care about you. You’re an instrument to him and all the time had been.”

Terraform Labs and its founder Do Kwon has come below growing scrutiny because the LUNA/UST scandal. In Might, the Luna 2.0 airdrop was erratically distributed amongst authentic LUNA holders, in addition to cash laundering allegations and an investigation by authorities in South Korea.


Sasith Mawan
Sasith Mawan
I'm a Software Engineering graduate with more than 6 years experience on the IT world working as a Software Developer to Tech Lead. Currently the Co-Founder of a Upcoming Gaming Company located in United States.


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