CEO Terra Do Kwon

CEO Terra Do Kwon

Terra Luna founder Do Kwon has finally break his feelings on how does he feel seeing current situation of “Luna” and its stablecoinUST”.

In Series of tweets he said,

“I’ve spent the last three days on the phone with Terra community members who have been affected by UST depegging — builders, community members, staff, friends, and relatives.

I’m devastated by the suffering my creation has caused you all.”

Do Kwon Still think that decentralised economies need decentralised money, but $UST in its current form is not that money.

He further explain that he did not profited anything nor his companions from this fiassco.

They are currently working on documenting the use of the LFG BTC reserves during the depegging event.

He also share multiple proposal on agora to move forward.

Check out series of tweet