Following recent happening in the Terra community after what is known as the biggest crash in the crypto industry, victims expect a reimbursement. The LUNA founder Do Kwon answered the victims’ queries in an Unchained interview. In the interview, Unchained asked if pre-depeg UST holders would receive reimbursement or if it was a rug pull. The Terra founder avoided his promise to compensate pre-depeg UST holders with USDT and USDC, which he made via a tweet in May. He stated why Luna Foundation Guard (LFG) cannot compensate users. Related Reading: Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics No Refund Until All Litigations Actions Are Resolved, Says Terra Founder Do Kwon, stating his reasons, said the LFG is not in a state where it can liquidate its assets. He cited the pending legal actions against LFG, saying they will not distribute tokens until all gets resolved. However, the LUNA founder does not know how long the legal processes would take and when all would end. He said the idea of compensation is like a charitable effort to distribute 313 Bitcoin in USDT and USDC to the holders. However, he insisted on no refunds. Furthermore, Do Kwon denied having personal funds for a refund while regretting the loss of investors in the Terra-LUNA crash. Following several actions against the LUNA Founder, his South Korean passport has been revoked and will be invalid this week. However, he is not plann...
North Carolina Eyes Crypto for Pension Funds
