Do Kwon says he is 'heartbroken' in new statement, claims no UST or LUNA sold during crisis

Do Kwon says he is 'heartbroken' in new statement, claims no UST or LUNA sold during crisis

From theblockcrypto.com

Terraform Labs co-founder and CEO Do Kwon broke his social media silence early Friday evening with a trio of tweets about the collapse of Terra's LUNA token and associated stablecoin, UST. The statements came hours after Kwon floated a proposal via a Terra discussion forum to essentially restart the network with 1 billion tokens distributed to impacted holders and users. As The Block has covered in the past week, the paired meltdown of the algorithmic stablecoin UST and Terra's native LUNA asset resulted in steep losses for those exposed to the market. The resulting chaos ultimately led to blockchain stoppages and ... (full story)

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