‘Lack of Faith’ in Do Kwon was the Only Reason Luna Saw a 70% Tank!

Do Kwon might be the very reason why the LUNA revival plan could not be a success

The big Terra revival plan was initiated by its Co-Founder and Creator, Do Kwon, to save the Terra ecosystem from disintegrating into oblivion, but his efforts have significantly failed. Do Kwon attempt to verify all the faulty mechanisms of the Terra blockchain system, believing that it would eventually be able to resurrect the dying cryptocurrency? But unfortunately, it seems like all his attempts to revive the Terra blockchain has gone in vain, resulting in a much bigger disaster than was previously anticipated.

Well apparently, a bad attitude could not help Do Kwon to reinstate his blockchain in the market again. Some investors believe that his bad reputation is one of the many reasons why Terra 2.0 was unable to attract the attention of crypto investors. Do Kwon is currently facing accusations of fraud and charges for violating other financial regulations in the country, as per the South Korean Government. The country's local news channels reported that the Terra CEO, along with his entire team is being summoned by South Korean officials. Several media houses found traces of evidence that led to the fact that Do Kwon, allegedly, sold off Terraform Labs a couple of days before its stablecoin fell, wiping off thousands of dollars of investors' wealth.

It should be noted that the South Korean Government was effectively able to accuse Do Kwon of these charges just weeks after his entire legal team resigned. Even though the real reasons behind these actions are still unjustified, it is becoming increasingly evident as to what might have caused this massive fallout. Hence, quite obviously, investors are hesitant to put their trust in the cryptocurrency of an individual who is being accused with so many charges, along with the revelation of the fact that he might be the very reason why the TerraUSD and LUNA ecosystem fell in the first place!