After the Terra (LUNA) crash, there have been a huge number of facts have come into the spotlight.
Among them were allegations like Do Kwon cashing in $2.7 billion worth of crypto before Terra collapsed. Even South Korean media accused Do Kwon of committing numerous financial crimes today. However, Do Kwon denied all the allegations. To prove his innocence, he even posted a Twitter thread.
Also, Do Kwon had come up with a plan to hard fork the Terra Blockchain, and this was rejected by 90% of voters.
Meanwhile, the crypto space has seen another development. There was a question and answer exchange between Terra’s Do Kwon and another user on Twitter.
The Twitter handle known as THORchain.BULL wanted to understand why re-enabling the LUNC delegation has not yet come into force. As per the claim by the user, resuming the governance on LUNC means the overall control of the LUNC is still under (TerraForm Labs) TFL. On the other hand, there is still no governance on the LUNC market cap falling to $700 million.
This isn’t the first time Do Kwon has had a strong backlash with Twitter users. This time, he found a diplomatic approach.
As Do Kwon chose to reply to the user’s statement, he clarified that TFL has no control over LUNC. Next, he says that the one who came up with the plan of resuming the delegation is required to get in touch with validators to move things ahead and upgrade the network.
Do Kwon asks user to submit own code for verification
It was not this. Another user asked Do Kwon about the Pylon Gateway user payments, which are still pending. Pylon Gateway is a permissionless decentralized platform that allows any project to launch governance or utility tokens.
Do Kwon had his clarification. Firstly he said that Pylon Gateway is a public service, not a private one. Then he said that the token involved there are from the community and Terra 2.0 doesn’t help TFL. The same was said by TFL earlier that the public will have complete control of Terra 2.0.
Also, this user asked why there were no updates from TFL regarding the Luna V2 airdrop and Pylon user index, which Do Kwon had a rather tough approach to. He asked the user to submit their own code for auditing if they weren’t satisfied with TFL’s solving speed.
