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Hackers threaten Terra founders: Anonymous wants to uncover "crimes" by Do Kwon

 


Hacking collective Anonymous has announced its intention to ensure that Terra co-founder Do Kwon is "brought to justice as soon as possible" in connection with the May collapse of Terra ( LUNA ) and TerraUSD (UST). 


On Sunday, a video allegedly made by the hacker group Anonymous detailed Kwon's alleged misconduct . For example, it was alleged that he was withdrawing $80 million each month from LUNA and UST prior to the collapse. His role in the collapse of the stablecoin Basis Cash , which Do Kwon is said to have founded in late 2020 under the pseudonym "Rick Sanchez", is also discussed:


"Do Kwon, if you're listening right now: Unfortunately, there's nothing that can be done to undo the damage you've done. The only thing we can do now is hold you accountable and make sure that you will be brought to justice as soon as possible."

The hacking group said it will investigate Do Kwon's actions since he entered the crypto space to uncover possible "crimes". 


"Anonymous is looking at the entire story of Do Kwon since he entered the crypto space to see what we can learn and shed light on," the group said in the video.


"There is no doubt that there are many more crimes to uncover on your trail of destruction."

The hacker group also criticized Kwon for his "arrogant manner". He makes fun of competitors and critics and pretends "as if he would never fail".


Founded on 4chan in 2003, Anonymous is a decentralized international activist collective known for orchestrating cyberattacks against government agencies, agencies, private companies and even Scientology.


In June 2021, the same YouTube channel also criticized Tesla CEO Elon Musk for "destroying lives" by using his power and influence on Twitter to toy with the crypto markets. The video was viewed around 3.4 million times (as of Monday).


It must be said that there are several YouTube channels claiming to be connected to the Anonymous hacking group. The general consensus is that there is no official YouTube channel for the group as it is inherently decentralized and anonymous.


Mixed reactions from the community

In the comments below the YouTube video and in the community on Twitter, the announcement against Kwon was widely supported. In one comment, Anonymous is referred to as "modern Robinhood".


However, the video message was met with skepticism on the subreddit r/CryptoCurrency. Users criticized the hacker group for making an empty threat against Kwon and for not providing the public with any new information. One commenter explained:


"Anonymous is acting like a teen. This Anon video is so non-threatening it's almost bizarre."

Another user added, "I was expecting them to reveal something, but it's nothing more than, well, nothing."


Kwon is currently facing legal consequences.


Multiple investigations are currently underway against Terraform Labs and co-founder Do Kwon. South Korean authorities are investigating, among other things, an alleged embezzlement of Bitcoin ( BTC ) from the company's treasury.


In May, a famous financial crime investigation unit called the Yeouido Grim Reapers was revived in South Korea. This is to investigate the collapse of Terra . The team consists of various regulatory bodies focused on prosecuting scams and illegal trading schemes.


Korean authorities have also subpoenaed all Terraform Labs employees as part of a market manipulation investigation.


The company was also fined the equivalent of $78 million by the South Korean tax authorities for tax evasion.

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