{"id":14123,"date":"2022-12-08T10:04:26","date_gmt":"2022-12-08T10:04:26","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/08\/terra-do-kwon-explains-how-sbf-and-genesis-led-terra-luna-crisis\/"},"modified":"2022-12-08T10:04:26","modified_gmt":"2022-12-08T10:04:26","slug":"terra-do-kwon-explains-how-sbf-and-genesis-led-terra-luna-crisis","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/08\/terra-do-kwon-explains-how-sbf-and-genesis-led-terra-luna-crisis\/","title":{"rendered":"Terra Do Kwon Explains How SBF And Genesis Led Terra-LUNA Crisis"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/terra-do-kwon-sbf-genesis-terra-luna-crisis\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Terra co-founder Do Kwon on Thursday blamed former FTX CEO Sam Bankman-Fried and <a href=\"https:\/\/coingape.com\/tag\/genesis\" target=\"_blank\" rel=\"noopener\">Genesis<\/a> for the Terra-LUNA disaster. He strongly believes that Genesis Trading supplied $1 billion in TerraUSD (UST) <a href=\"https:\/\/coingape.com\/glossary\/stablecoins-2\/\" target=\"_blank\" rel=\"noopener\">stablecoin<\/a>\u00a0to Sam Bankman-Fried or Alameda earlier than the UST depeg.<\/p>\n<p>The assertion comes as federal prosecutors investigating the FTX disaster and its <a href=\"https:\/\/coingape.com\/sam-bankman-fried-explains-ftx-alameda-relationship\/\" target=\"_blank\" rel=\"noopener\">relation to Alameda Research<\/a> begin a market manipulation inquiry into whether or not FTX and Alameda led to the Terra-LUNA disaster.<\/p>\n<h2>Terra\u2019s Do Kwon Wants SBF and Genesis to Reveal the Truth<\/h2>\n<p>Terra founder Do Kwon in a <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/stablekwon\/status\/1600672756672053250\" target=\"_blank\">series of tweets<\/a> on December 8 reveals how Sam Bankman-Fried\u2019s FTX, hedge fund Alameda, and Genesis Trading precipitated the collapse of TerraUSD (UST) stablecoin and Terra (LUNA).<\/p>\n<p>Do Kwon asserts Genesis Trading bought billions in <a href=\"https:\/\/coingape.com\/terra-luna-foundation-guard-releases-audit-report-do-kwon\/\" target=\"_blank\" rel=\"noopener\">UST from Luna Foundation Guard<\/a> (LFG) and transferred it to FTX or Alameda earlier than the USD depeg. SBF used the funds to control the costs to learn entities together with FTX and Alameda Research.<\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cI think the time has come for <\/span><span class=\"r-18u37iz\">Genesis Trading <\/span>to reveal if they provided the $1B UST shortly before the crash to SBF or Alameda \u2013 the purchase from LFG was represented as stemming from \u201cinterest to participate in the Terra Defi ecosystem\u201d \u2013 to not present ammo for a peg assault.\u201d<\/p>\n<\/blockquote>\n<p>Do Kwon additionally questioned why Alameda borrowed over $1 billion in Bitcoin from Voyager in the course of the UST depeg. Also, Alameda requested different giant corporations to borrow extra <a href=\"https:\/\/coingape.com\/glossary\/bitcoin\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>, roughly $10 billion. He needs SBF to disclose the reality behind these giant transactions. He believes Sam Bankman-Fried\u2019s cryptocurrency buying and selling agency Alameda positioned an enormous wager on the value of Terra (LUNA) falling.<\/p>\n<p>In addition, he reveals that Alameda was behind the \u201clarge currency contraction that UST went through in Feb 2021.\u201d Alameda bought 500 million in UST in minutes to empty the Curve liquidity swimming pools in the course of the Magic Internet Money (MIM) disaster.<\/p>\n<blockquote>\n<p>\u201cWhat\u2019s done in darkness will come to light.\u201d<\/p>\n<\/blockquote>\n<h2>Prosecutors Investigate SBF Over Market Manipulation<\/h2>\n<p>U.S. federal prosecutors investigating the FTX disaster and its relation to Alameda Research, have began an inquiry into whether or not SBF was behind the collapse of TerraUSD (UST) and Terra (LUNA) crash.<\/p>\n<p><a href=\"https:\/\/coingape.com\/sbf-admits-alameda-was-given-special-treatment-on-accounts-of-ftx\/\" target=\"_blank\" rel=\"noopener\">SBF misappropriated billions of dollars<\/a> in buyer funds along with his hedge fund Alameda. The promote orders for TerraUSD in the course of the crash have been coming from Alameda.<\/p>\n<p>Also Read: <a href=\"https:\/\/coingape.com\/lunc-news-terra-rebels-transfers-terra-station-support-to-terracvita\/\" target=\"_blank\" rel=\"noopener\">Terra Rebels Transfers Terra Station Support To TerraCVita<\/a><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA130314\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nVarinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment overlaying all the newest updates and developments within the crypto trade.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD130314\">\n<p> The introduced content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/terra-do-kwon-sbf-genesis-terra-luna-crisis\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Terra co-founder Do Kwon on Thursday blamed former FTX CEO Sam Bankman-Fried and Genesis for the Terra-LUNA disaster. He strongly believes that Genesis Trading supplied $1 billion in TerraUSD (UST) stablecoin\u00a0to Sam Bankman-Fried or Alameda earlier than the UST depeg. The assertion comes as federal prosecutors investigating the FTX disaster and its relation to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[878,759,4973,1368,2559,4979,423,3141],"class_list":["post-14123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-crisis","tag-explains","tag-genesis","tag-kwon","tag-led","tag-sbf","tag-terra","tag-terraluna","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=14123"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14123\/revisions"}],"predecessor-version":[{"id":14124,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14123\/revisions\/14124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/283"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=14123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=14123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=14123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}