After months of silence, Do Kwon has stepped into the limelight. In a teaser clip of an upcoming interview with brand-new crypto media company Coinage, the Luna founder discussed the fallout.
“Terra was supposed to be a stablecoin, and it didn’t remain stable,” Do Kwon says. “Therefore, it must be a fraud, and must be a scam.”
“You’re talking about life savings and it’s people putting their money behind the thing you’re building,” responds Coinage founder Zack Guzmán.
“Crypto is still sort of like the wild wild west,” Do Kwon says. “I think I developed like sort of, an alter ego.”
EXCLUSIVE: Do Kwon breaks his silence.— Coinage (@coinage_media) August 14, 2022
Coinage Episode 0: Inside Crypto’s Largest Collapse with Terra Founder @stablekwon debuts Monday, August 15.
Watch it first with a free Coinage Subscriber NFT at 6:00 am EST (link in bio) pic.twitter.com/MewkOavPm3
“Is it tough for you to watch when people play back some of the clips?” Guzmán asks.
“Cringe? Yes, but the algorithmic stablecoin was starting to become industry standard. I bet big and I think I lost,” Do Kwon says.
The full interview is set to drop later today for Coinage Subscriber NFT holders.
FatMan Weighs In
Do Kwon’s reemergence has predictably sparked the interest of the crypto world. For one crypto heavyweight, Do Kwon could have done better in his choice of media outlet to break his silence. (Probably should have chosen Blockhead)
“Do, why not have an interview with someone more neutral and respectable like Bloomberg or Fortune instead of someone who has been consistently shilling you for years, almost as if he’s paid? And will you address the billions you cashed out of the system?” FatManTerra wrote on Twitter in response to the interview teaser.
Guzmán responded to the famed crypto Twitter user asking, “More respectable? I was a user of Terra just like you were. Also kinda shady that you are you acting like I didn’t try to reach out to you for this Of course I covered Terra. It was either always going to be either crypto’s biggest success or its biggest failure.”
Do, why not have an interview with someone more neutral and respectable like Bloomberg or Fortune instead of someone who has been consistently shilling you for *years*, almost as if he’s paid? And will you address the billions you cashed out of the system?https://t.co/jSiCS0REhP— FatMan (@FatManTerra) August 14, 2022
Being known for his outspoken, unfiltered approaches to the crypto world, FatMan didn’t stop there. “You didn’t reach out to me about a documentary or interview of any sort. You asked me if I was in Singapore and asked to meet up. I said no because I live in the UK. That was all. I think it’s “kinda of shady” that you would lie about that..”
“I wouldn’t quite say you “covered Terra”. I would say you shilled Terra & Do Kwon for a very long time, turning a blind eye to their weak points and acting like a sycophant when convenient. With respect, I think any journalist will agree that you are not the most neutral here… Can you disagree with that?”
Removing bias is the whole point we started @coinage_media in the first place. Network NFT holders weigh in on our production and content (Decentralized views = decentralized newsroom)— Zack Guzmán (@zGuz) August 14, 2022
If you watch and think you can make the next interview better, I’ll invite you myself
Guzmán fought his corner, defending Coinage. “Removing bias is the whole point we started @coinage_media in the first place. Network NFT holders weigh in on our production and content (Decentralized views = decentralized newsroom) If you watch and think you can make the next interview better, I’ll invite you myself”
Read more: Did Do Kwon’s Arrogance Cause Terra’s Downfall?
“I look forward to watching it. Regardless of you being a Terra shill or not, you have the ability to bring the important facts to light, which I hope you did. Do Kwon committed mass scale fraud and I hope this is brought out. Out of curiosity, were interview questions voted on?” FatMan responded.
Coinage responded directly to his quiery, clarifying, “BOLD to think we didn’t ask him about these rumors… “
Respectable and neutral like Bloomberg and Fortune? LOL common man 😂— Life.in.Defi ☂️ (@lifeindefi) August 14, 2022
Another Twitter user questioned why FatMan decsribed Bloomberg and Fortune as more respectable, “Respectable and neutral like Bloomberg and Fortune? LOL common man.”
FatMan replied by taking another shot at Coinage, “Bloomberg or Fortune would absolutely be more neutral compared to someone who has literally been shilling Terra for years on end and views Do Kwon in an incredibly sympathetic light.”
Again, Do Kwon, if you’re reading this, perhaps Blockhead would’ve been a better choice. Our door is open.