With angry investors facing heavy losses following TerraUSD’s dramatic de-pegging this week, users on the Terra Research Forum and Reddit are now asking where Terraform Labs CEO Do Kwon is and even calling for his arrest.
The Terra crypto ecosystem was thrown into chaos this week when its TerraUSD (UST) algorithmic stablecoin de-pegged sharply from the US dollar. The crisis has seen both the price of UST and its related Luna token tumble, resulting in billions of dollars of losses for investors.
Normally a prolific Twitter user, Kwon hasn’t posted on the social network since Wednesday. His last personal post was a thread reassuring investors that Terra was “here to stay” and that its return to form would be “a sight to behold.” Updates continue to trickle through from the company’s official account.
Kwon didn’t respond to requests for comment from The Block sent to Terraform Labs by email.
In the US, Permissionless attendees who were hoping they might get answer
We współpracy z: https://www.theblockcrypto.com/post/146831/terra-ust-implosion-investors-ask-where-is-do-kwon?utm_source=rss&utm_medium=rss
