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Do Kwon Speaks Out, Fatman Accuses Journalist of Still Shilling Terra

In the fallout of Terra Luna, there is drama between grown men on Twitter.

The post Do Kwon Speaks Out, Fatman Accuses Journalist of Still Shilling Terra appeared first on BeInCrypto.

Do Kwon has granted an interview to an unknown journalist, and @Fatman accuses both of them of continuing the shill. This drama is what Twitter was built for.

Coinage Media (Who? Me either) has interviewed Do Kwon in the aftermath of the Terra Luna collapse. In the teaser, Kwon opens by saying, “Terra was supposed to be a stablecoin, and it didn’t remain stable. Therefore, it must be a fraud, and must be a scam. Crypto is still sort of like the wild wild west. I think I developed like sort of, an alter ego.”

When asked by Co-Founder of Coinage Media, Zack Guzmán, if he cringes at his past comments, Kwon answers, “Yes, but the algorithmic stablecoin was starting to become industry standard. I bet big and I think I lost.”

Do Kwon Defends Himself. We Think.

Kwon was asked to defend himself against the fraud accusations in the interview. However, viewing the piece isn’t as easy as initially thought. To see it, one must download a free NFT, which is needed to access the full interview (let’s forget about the gas fees for now).

I tried to connect my wallet to get the “free NFT” and it didn’t work, maybe I am still inebriated from the weekend…? Cocktails happened.

Coinage Media makes the case that the CEO of Theranos, Elizabeth Holmes, knew her technology didn’t work but pushed forward with selling it anyway. Theranos became famous for flogging a machine that the company claimed could identify a variety of ailments via a drop of blood. Of course, the tech was just wishful thinking. The teaser for the interview claims that Kwon will address accusations that he’s just Holmes without the long hair and skirt.  

The fallout from the Terra ecosystem collapse has been broad, with investors losing out big. And, one of Terra’s Co-Founders, Daniel Shin, was recently raided by Korean prosecutors. This is despite distancing himself from Do Kwon and the Terra project.

Enter the Fatman

Rising Twitter personality @FatManTerra claims to be an insider on the Terra project. He has leaked many inside documents during and after the collapse of the Terra ecosystem. He said of the interview with Kwon:

“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?”

To which Guzmán replied, “@FatManTerra more respectable? I was a user of Terra just like you were. Also kinda shady that you are 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 Kwon Speaks Out, Fatman Accuses Journalist of Still Shilling Terra



Fatman denied that Guzman had reached out. “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…”

Do Kwon: In the fallout of Terra Luna, there is drama between grown men on Twitter.

Fatman also said, “I wouldn’t quite say you ‘covered Terra.’ I would say you shilled Terra and 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.”

We will keep watching the fallout of Terra Luna and the drama between grown men on Twitter.

Got something to say about Do Kwon or anything else? Write to us or join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

The post Do Kwon Speaks Out, Fatman Accuses Journalist of Still Shilling Terra appeared first on BeInCrypto.

Source: Markets – BeInCrypto

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Bitcoin price: Analyst doesn’t expect long lasting decoupling ‘at this stage’

Bitcoin continues to hold above the $19,000 mark even as currency woes wreaked havoc…

The post Bitcoin price: Analyst doesn’t expect long lasting decoupling ‘at this stage’ appeared first on CoinJournal.

Bitcoin continues to hold above the $19,000 mark even as currency woes wreaked havoc across stocks and other legacy markets this week.

After dipping to lows beneath $18,600, Bitcoin bounced as high as $20,300 before paring the gains amid a highly volatile market that also saw the S&P 500 Index notch losses that puts it on course for three consecutive quarterly losses. It’d be the first time the index has registered this kind of performance since 2009.

BTC/S&P 500

If stocks face another sell-off and the tumbling continues in the face of a Fed tightening and concerns of a recession, Dylan Leclair, a senior crypto analyst, says the market could see a BTC outperformance against equities.

According to the analyst, Bitcoin’s “relative strength” against legacy indices has been encouraging, pointing to a BTC/S&P 500 chart.

While he doesn’t expect the “decoupling” to be long lasting given broader market conditions, he still thinks the benchmark cryptocurrency could master a decent run against the index. What investors might have to watch out for, he tweeted, is what happens next within the legacy financial markets – equities, FX and global bonds.

The analyst however warns of a potential sell-off for Bitcoin should there be a “huge illiquidity event.” He said:

Still convicted in my view of a legacy system vol event coming – it’s clear that liquidity tide is drawing out. BTC/USD exchange rate won’t be insulated from a huge illiquidity event, because nothing except USD & vol will.”

Bitcoin was trading around $19,260 on Friday morning (09:45 am ET), just in the green on the day but down 1.2% this past week. The S&P 500 opened higher lower and was at 3,634, more than 1.4% down in the past five days. 

The post Bitcoin price: Analyst doesn’t expect long lasting decoupling ‘at this stage’ appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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