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Do Kwon 🌕 @stablekwon
8/ The audit concluded that: ➡️ LFG spent $2.8B (80,081 $BTC and 49.8M in stablecoins) to defend $UST’s peg, consistent with LFG’s tweets on May 16th, 2022 ➡️ Additionally, TFL went above and beyond and spent $613M of its own capital to defend the $UST peg — PolitiTweet.org
Do Kwon 🌕 @stablekwon
7/ The audit report published by JS Held today addresses many of the allegations around the use of LFG's funds, primarily: - Were there any misuse of funds? (embezzlement, insider benefit etc) - Did LFG have any other funds not publicly disclosed? And were those funds frozen? — PolitiTweet.org
Do Kwon 🌕 @stablekwon
6/ While I was wrong (and terribly so), I maintain there was no fraud. TFL donated what was then >$3B to establish @LFG_org to diversify UST's collateral backing, and focused our investments to grow Terra's ecosystem. We wouldn't have done this if we thought UST were to fail. — PolitiTweet.org
Do Kwon 🌕 @stablekwon
5/ There are rumors of certain currently beleaguered agents "causing" the UST depeg - on this, while I hope more facts come out over the next few months, ultimately it doesn't matter. The decentralized money of the future should be able to withstand all possible attacks. — PolitiTweet.org
Do Kwon 🌕 @stablekwon
4/ UST was my life's work - this combined with seeing it gain more lindy effects and holders every day and eventually become one of the largest cryptos by market cap blinded me to its potential risks and focused me on what seemed like its inevitable rise. — PolitiTweet.org
Do Kwon 🌕 @stablekwon
3/ I believed that the most important use case of crypto is to become decentralized money that transcends politics and nation states. I still believe this today (what is DeFi with centralized money?) - and I hope others succeed in this mission where we have failed. — PolitiTweet.org
Do Kwon 🌕 @stablekwon
2/ Before we get into the audit, Many of you lost a lot of money in UST - for this I am sorry. While the system was transparent and open source, _I_ as its creator should have understood and communicated its risks better. — PolitiTweet.org
Do Kwon 🌕 @stablekwon
1/ A third party audit of LFG and TFL's peg defense activity during May 2022 has been published: — PolitiTweet.org
LFG | Luna Foundation Guard @LFG_org
1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, p… https://t.co/zDaSY09dNm
Do Kwon 🌕 @stablekwon
@un4w4r3 @EvgenyGaevoy @sasuke___420 @cobie @poordart https://t.co/eXHQH3s96b — PolitiTweet.org
LFG | Luna Foundation Guard @LFG_org
1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, p… https://t.co/zDaSY09dNm
Do Kwon 🌕 @stablekwon
@0x1carus @LFG_org Its not size now though — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@sasuke___420 @EvgenyGaevoy @cobie @poordart No — PolitiTweet.org
LFG | Luna Foundation Guard @LFG_org
1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, p… https://t.co/zDaSY09dNm
Do Kwon 🌕 @stablekwon
@EvgenyGaevoy @sasuke___420 @cobie @poordart Questions answered — PolitiTweet.org
LFG | Luna Foundation Guard @LFG_org
1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, p… https://t.co/zDaSY09dNm
Do Kwon 🌕 @stablekwon
@EvgenyGaevoy @sasuke___420 @cobie @poordart Dont even have an account man — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@QuangVL9 @cburniske Ok cool, it wasn’t me Easy clarification — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@OtherMike2 @AnonNgmi Sure man, dm — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@AnonNgmi Come on battlenet if you dare — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@RecklessDegen @cburniske Not true - no fundraising whatsoever — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@aaronbesson @cburniske @INTERPOL_HQ Interpol is free to reach out to me to ask location - I just don’t want a bunch of CT people crowding my front door Kind of seems obvious, not sure why this “in hiding” narrative continues — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@shiv65765 @cburniske Luna2 has no algo stablecoin - theres nothing similar about it — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@itus_rs @cburniske I’ll decline thanks - not a pr stunt, just going to stick to the truth — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@Crypto_Iion @cburniske Congrats on the creative banger 👍 — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@jokers_eth @cburniske At my house, will drop address if we ever make plans to meet — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@shiv65765 @cburniske I’ve apologized for being wrong multiple times - but asking for a “refund” for money I never took or have doesnt make sense UST wasnt a centralized stablecoin- anyone could mint it and sell it — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@cburniske Just so there is no misunderstanding I am asking for no money and offering no money - not sure where that comes from — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@cburniske I’m not sure what I said recently that triggers you so - don’t think I said all that much Happy to discuss/debate publicly — PolitiTweet.org
Do Kwon 🌕 @stablekwon
RT @ZeMariaMacedo: Idea: Dev mining via "Free Market Matching" The most valuable resource any L1 has is the amount of talent dedicated to… — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@CryptoLootShop @AtlasIsMe @zachxbt @cobie He invited me — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@ItsAlwaysZonny @SmokeyTheBera Nobody understands you — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@gadikian @TheDemocrats Cool lmk — PolitiTweet.org
Do Kwon 🌕 @stablekwon
@TurtleMan225 @gadikian @TheDemocrats Everything will come to light at some point — PolitiTweet.org
