Do Kwon Reveals If Terra Victims Will Get Any Compensation

Yet again Do Kwon has grabbed attention, but this time it’s not due to any investigation related news. Instead it’s due to his Friday, Oct 14 interview with Unchained Podcast host, Laura Shin.

Before the interview, Laura had asked Do Kwon the reason for his refusal to return to the country even after multiple charges against him via Twitter. For which the terra terra Blockchain Network  labs founder replied to answer all the queries in the upcoming Podcast.

Do Kwon Denies Any Compensation To Depeg UST Holders 

Among a series of questions and answers, while expressing his grief for May’s Terra crisis, do kwon do kwon Do Kwon is a cryptocurrency developer who is the Co-Founder and Chief Executive Officer of Terraform Labs. With terraform labs, he also founded the telecommunication company Anyfi and served as its CEO, a peer-to-peer communication solution using mesh network technology. And eventually, in 2018, he founded Terraform Labs along with his friend Daniel Shine, intending to develop a decentralized price-stable cryptocurrency such as LUNA.   He successfully led the Terra Blockchain by constantly developing new blockchain technologies, products, protocols, and platforms, including anchor, prism, and mirror. Through Terraform Labs, Do Kwon developed the Terra proof-of-stake, a public blockchain built on the Cosmos SDK. He is also the founder of another failed stablecoin project, Basis Cash, an Ethereum-based token created by Nader Al-Naji. EntrepreneurDeveloper/ProgrammerChief Executive Officer even chose to answer a long awaited question if depegged UST holders will get their money back. This question comes in reply to Do Kwon agreeing to compensate depeg UST holders (now USTC) with USDT or USDC.

While in an interview at Unchained Podcast channel, laura shin laura shin   Shin is a senior editor for Forbes who has delved extensively into tech domains such as blockchain and crypto. Additionally, she also hosts one of the most popular crypto-related podcasts in the world called ‘Unchained’. She is best known for covering the cryptocurrency and blockchain space.    She started out reporting as a part-time editor for Newsweek before accepting the job of collaborator maker. She later outsourced, composing articles for significant distributions including The New York Times, the Wall Street Journal, and Fortune from there, the sky is the limit. In 2013, Shin joined Forbes where she covered cryptocurrency and blockchain-related stories for the power source, later becoming a senior supervisor. In 2018, she was the principal standard writer to turn toward covering the crypto space full time, sending off and facilitating the digital recordings Unchained and Unconfirmed. She was named "Most Insightful Journalist" at the 2016 Blockchain Awards.   As the crypto and blockchain space keeps on drawing in additional standard premium and interest in 2021, so too will develop the requirement for its devotees to approach quality media inclusion and investigation. This puts Shin, who is as of now settled and has associations with many top industry members, in a magnificent situation to additional concrete her status as one of crypto's top media characters.   As well as proceeding with her podcasting and facilitating talks, Shin intends to deliver a book in 2021 that will cover the historical backdrop of cryptographic money and its foundation as a perceived resource class. What's more, with that very foundation working out before us more than ever, Cointelegraph expects that Shin's book will get wide acknowledgment and gathering. EntrepreneurAuthorHost asked Do Kwon if UST holders will receive their compensation as promised by him. However, Do Kwon chose to avoid the question and his earlier tweet and asked why Luna Foundation Guard (LFG) is not in a state to compensate users.

“Foundation guard is not at a state where it can make clear disposal of its assets. There is pending civil litigation against LFG. So until those are resolved, we just are not able to distribute tokens.”

Moreover, he was seen claiming that there is no fixed time frame to say when the depeg UST users will receive their money back, but he hopes to see it happen soon.

Furthermore, Do Kwon has denied the speculations of him working on Terra Classic (LUNC) even though Terra network supports LUNC. Even the Terra Rebels, LUNc developer group has claimed to be independent soon with its Terra Classic revival road map.