Home Scam/Fraud Dogecoin Creator Reacts To Latest Allegations Against Terra’s Do Kwon

Dogecoin Creator Reacts To Latest Allegations Against Terra’s Do Kwon

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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.

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.

“Just to say 12 x $80m = $1bil. That level of selling and the leverage increase resulting, may have materially contributed to the collapse depending…

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