Dogecoin DOGE/USD co-creator Billy Markus and other prominent crypto industry watchers were unsurprised at the latest allegations against Terra’s LUNA/USD parent Terraform Labs (TFL) and founder Do Kwon.
What Happened: On Thursday, Watcher News reported that TFL employees have confirmed to the U.S. Securities and Exchange Commission that $80 million of company funds were sent to “secret wallets” every month before the LUNA and TerraUSD UST/USD collapse.
— Shibetoshi Nakamoto (@BillyM2k) June 9, 2022
Markus tweeted a meme that read “pretends to be shocked,” while others compared the Terra founder’s alleged money laundering activities to Bernie Madoff’s Ponzi scheme.
— Wall Street Memes (@wallstmemes) June 9, 2022
“Just to say 12 x $80m = $1bil. That level of selling and the leverage increase resulting, may have materially contributed to the collapse depending…