Anonymous becomes big threat for Do Kwon’s, as it vows to bring Do Kwon’s ‘crimes’ to light
Hacktivist group Anonymous said on its YouTube channel, “There is no doubt that there are many more crimes to be discovered in your trail of destruction,” they have pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regards to the breakdown of the Terra (LUNA) and TerraUSD (UST) ecosystems in May.
On Sunday, the Anonymous hacker group leaked a video going over a laundry list of Kwon’s alleged wrongdoings, which includes cashing out $80 million each month from Luna and TerraUSD prior to its collapse as well as his role in the fall of stable coin Basis Cash, for which Do Kwon allegedly co-created under the pseudonym “Rick Sanchez” in late 2020.
“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible.”
The hacker group supposed it would be looking into Do Kwon’s actions since he entered the crypto space to expose his alleged crimes.
The group added, “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light,” the group specified.
“There is no doubt that there are many more crimes to be discovered in your trail of destruction.”
The hacker group also complained about Kwon for his “arrogant tactics” in trolling competitors and critics and “acting as he would never fail.”
Anonymous is a decentralised international activist collective, originating in 2003 on 4chan, known for composing cyber-attacks against government institutions, agencies, private corporations, and even the Church of Scientology.
The same YouTube channel took aim at Tesla CEO Elon Musk for allegedly “destroying lives” using his clout and influence on Twitter to play with the crypto markets in June 2021. Till today the video has crossed around 3.4 million views.
One of them with one commenter of the YouTube video called Anonymous the “Robinhood of today.” Most of the Commenters on the YouTube video and the community on Twitter support the hacker group’s pledge to go after Kwon.
However, the video message gathered more skepticism on the r/CryptoCurrency subreddit. The users started criticizing the hacker group for issuing an empty threat against Kwon and providing no new information to the public, with one commenter saying:
“Anonymous is so teen bop now […] This anon video is so non-threatening it’s almost bizarre.”
While another said, “I would expect them to have uncovered something but it’s nothing more than, well nothing.”
It appears that, for now, it is a matter of concern for Kwon who will likely have bigger, more tangible threats to worry about.
Terraform Labs, for which Do Kwon is the co-founder, is currently under multiple inquiries from the South Korean authorities, including the alleged embezzlement of Bitcoin (BTC) from the company’s treasury.
In May, a well-known financial crimes investigation unit called the “Grim Reapers of Yeouido” was called by South Korea to investigate the collapse of Terra. The team consists of various regulators and will focus on prosecuting fraud and illegal trading schemes.
Later that month, Korean authorities summoned all Terraform Labs employees to investigate any internal role in market manipulation.
The company has also been fined $78 million by South Korea’s national tax agency for tax fudging charges.
