The post Do Kwon Receives Support From An Unlikely Source Amid Conflict With Korean Authorities appeared first on Coinpedia Fintech News
Recently, Terra founder Do Kwon rubbished claims by CoinDesk Korea, which said he attempted cashing in on Bitcoin from the LFG. As per allegations, he possibly did so to escape from law enforcement. To defend itself further, the Luna Foundation Guard shared its treasury Bitcoin wallet, and the shared wallet address has a balance of 313 BTC, which has been dormant since May 18.
Terra whistleblower FatMan has also come forward in support of Do Kwon this time, which is unusual as he is a famed Kwon critic. FatMan brought up the fallible nature of chain analysis and claims that the speculations of the transfers have built up because of the lack of transparency over how the LFG used its Bitcoin reserves