LUNC News

Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.

Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook several red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.

The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided “meaningful cooperation” with the liquidators.

Traders are not as fearful as they were in June, but several metrics show the market is still standing on paper-thin support levels.

The tweet attracted wild reactions from the community with several accusing the co-founder of playing the blame game while his whereabouts are unknown.

The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNC, the Terra Classic native token.