As Luna 2.0 Slides, Fatman Claims Do Kwon and TFL Behind Shadow Wallets

The Terra 2.0 price has since failed to recover and is decreasing continuously.

Terra 2.0 (LUNA) price tumbled to an all-time low of US$3.34 on Wednesday, down nearly 70% in a week. The market pressure, ongoing investigations on Terraform Labs and Do Kwon, and poor investors' confidence seems to be the primary factors driving the prices down. Terra 2.0 (LUNA) prices managed to recover to the US$10 level on May 31, after falling 80% on its listing day on May 28. However, the LUNA price has since failed to recover and is decreasing continuously.

In the current situation, the community is precisely focusing on rebuilding the obliterated blockchain ecosystem. But, Fatman accuses the founder of Terra, Do Kwon for allegedly operating shadow wallets, even when the team went on to promise that specific wallets like Luna Foundation Guard's and TFL's wallets would be blacklisted from the new ecosystem or from Terra 2.0

Allegations continue on Do Kwon as Fatman says, Do Kwon stated that TFL doesn't have even one single Luna Token, promising to make Luna2.0 community owned. Fatman says that Do Kwon is lying and states that TFL owns 42M Luna, worth over $200m.

Fatman according to his investigation, disclosed five wallets which he suspects to be shadow wallets of Do Kwon because the wallets have Terra Based addresses. The valuation of the wallets is around 42.81 million Luna2.0 tokens and he also claims that there might be many other wallets.

In conclusion, Fatman believes that the team's major focus and objective should be on rebuilding the terra's ecosystem and making a community-owned chain. He also argues that the actions of TFL make him believe that they are hell-bent on making sure that the community-owned chain is not built.