Investigators have been working for the past month to piece together what caused the enormous LUNA catastrophe that wiped out $40 billion worth of investors in a matter of days. The collapse of the Terra ecosystem precipitated the crash. Anonymous has just lately released a film in which they make a public commitment to exposing the alleged wrongdoings of Terra co-founder Do Kwon.
Anonymous stated in the video that they will “make sure” that Kwon is “brought to justice as quickly as possible.” Anonymous published a laundry list of Kwon’s transgressions in a film that was made public on the 26th of June.
This includes withdrawing $80 million each month from TerraUSD and LUNA before the demise of their respective companies. In addition, it reveals Kwon’s involvement in the failure of the Basis Cash stablecoin, a project he was working on before Terra. In the video message, Anonymous says: “Do Kwon, if you are listening, unfortunately, there is nothing that can be done to reverse the damage that you have done. There is no way to undo what you have done.” At this time, the only thing that we are able to do is to make sure that you are brought to justice as quickly as possible and hold you accountable for what you have done.
The hacker organization says they are investigating Do Kwon’s complete history since he entered the crypto sector to see what they can uncover and bring to light. “Anonymous is looking into Do Kwon’s entire past,” “There is no question in my mind that your path of devastation conceals a great number of more crimes for us to uncover.”
In addition, the hacker collective condemns Kwon for his haughty behavior, mocking his rivals and detractors while behaving as if he could never be defeated.
Attacks on crypto celebrities coming from Anonymous
Anonymous is a global activist group that first came together as a decentralized collective in the year 2003. In recent months, it has been going after prominent crypto personalities. In June of the previous year, Anonymous launched an attack against the billionaire Elon Musk, accusing him of “killing lives” through the use of his celebrity, power, and Twitter.
Anonymous has also criticized Elon Musk for his attempts to manipulate the cryptocurrency market. As of right now, the video has received more than 3.4 million views. However, Anonymous is not the first to criticize Musk. Other people have done so as well.
Many people believe that Musk is the mastermind behind an attempt to artificially inflate the price of Bitcoin and Dogecoin. Recent events have seen one of the investors in Dogecoin file a lawsuit against Elon Musk for an astounding amount of $258 billion. In this case, it was said that Elon Musk was conducting and running a pyramid scheme involving Dogecoin.
Soon after Anonymous published its movie on YouTube, it garnered some support from members of the community. Many subscribers expressed gratitude to the station for its efforts to uncover the truth. On the other hand, people on the subreddit r/CryptoCurrency were more suspicious and referred to it as an empty threat.
One commenter posted the following: “Anonymous is so teen bop now […]” This film from Anonymous is so harmless that it borders on being strange. Another person chimed in, saying, “I would expect them to have unearthed something, but it’s nothing more than, well, nothing.”
Terraform Labs is currently the subject of various investigations in South Korea after the devastating collapse.