Hacktivist Group Anonymous Targets Do Kwon, calls him a Scammer

Key Takeaways

  • On Sunday, Anonymous YouTube Channel uploaded a video directed at Do Kwon.
  • The Anonymous group believes Do Kwon should be responsible for defrauding billions of dollars from investors.
  • The hacker group would be investigating Do Kwon’s actions since he entered the crypto market to see what they bring to light.

Hacktivist group Anonymous took to Youtube to express their discontentment at Do Kwon’s alleged wrongdoings. On Sunday, Anonymous’ YouTube Channel uploaded a video declaring war on Do Kwon, crypto developer and co-founder of Terraform Labs. Kwon is alleged to have cashed out $80 million each month from LUNA and UST before its crash.

In the Anonymous video widely circulating on social media platforms, the hacktivist described Terra’s downfall as a “preparation”.The Anonymous group believes Do Kwon should be responsible for defrauding billions of dollars from investors.

Commenting on Do Kwon’s alleged role in scamming people, the hacktivist in the video stated, “If you are listening, Do Kwon. Unfortunately, nothing can be done to reverse the damage you have done. The only thing we can do at this point is to hold you accountable and ensure that you surrender to justice as soon as possible.”

According to the video, the hacker group would be investigating Do Kwon’s actions since he entered the crypto market to see what they bring to light. Anonymous believed that there exist more crimes committed by Do Kwon yet to be discovered. The hacker group criticized Kwon for his “arrogant tactics” in trolling competitors and for “belittling” projects as if they would never fail. ”In the video, the hacker further stated that the Terra Labs Co-founder has had “bad intentions” from the start.

Do Kwon has been accused of siphoning off funds from the Terra network on multiple instances. On June 9, South Korean news agency Naver, reported that Kwon had withdrawn approximately $80 million per month before the TerraUSD crash. Do Kwon had entirely rubbished the allegations. Anonymous, the decentralized international activist collective, has earlier also targeted Tesla CEO Elon Musk for allegedly “destroying lives” using his clout on Twitter to play with the crypto markets. 

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Saniya Raahath

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