Terra CEO Do Kwon Speaks For The First Time After The Collapse! Here are the details…

in May TerraUSD (UST) and LUNAWith the collapse of , the entire crypto money market was affected and there were sharp drops.

TOP and LUNA $45 billion lost after its crash, and since the crash, the crypto market has only begun to show signs of recovery.

Invisible and silent after the collapse of the UST Terraform Labs’CEO of Do Kwonmade his first interview with Coinage Media.

Coinage MediaSpeaking to , DO Kwon’s speech has not yet been published in full. The teaser of the interview with the CEO was released yesterday by Coinage Media.

In the one-and-a-half-minute teaser trailer of an interview with Coinage Media co-founder Zack Guzmán, Do Kwon said:

“TerraUSD was supposed to be a stablecoin and could not remain stable.

I made sure bets and made confident statements on behalf of UST because I believed in its durability and value.

I lost my bets on UST, but my bets are 100% true to my word.

There’s a difference between failing and cheating. In this context, I certainly did not commit fraud.”

Guzmán’s LUNA Asked if it was difficult for him to watch the comments after his collapse, Do Kwon replied,Yes. But the algorithmic stablecoin UST was starting to become the industry standard, but I lost my bet on UST.” said.

Answering the questions asked to him from Singapore, where he currently resides, Do Kwon said, “What we’re going to do is put the facts as we know them. We will be completely honest and deal with it, whatever the consequences.” said.

Continuing his explanations, Kwon said, terra He said he didn’t really think for a second what would happen if it crashed, but looking back seems so unreasonable.

“You have to put yourself in a founder’s shoes and the ecosystem is approaching $100 billion.

If you have a string of wins and you reach that scale, you hardly think you can fail.”

DoKwon, He added that this notion that he did not move to Singapore to escape investigators is false and that he was there before the collapse.

Kwon finally stated that it is difficult to make a decision about returning to South Korea, but if he wants to return, it will be independent of the investigation.

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