Do Kwon now displays a humble tone and takes full responsibility for Terra’s collapse

One of the most devastating incidents in the cryptocurrency market, Terra’s collapse, has again caught headlines when its founder and former crypto titan Do Kwon spoke out about the accusations made against him by Interpol and the South Korean government.

Kwon earned a reputation as a snide entrepreneur for calling the cryptocurrency he invented in 2018 “my greatest invention.” He gathered a group of investors, including Lightspeed Venture Partners and Galaxy Digital, as well as his adherents, who dubbed themselves “Lunatics,” with pride.

He was also popular for making fun of his critics. Frances Coppola, a British economist, is one such person who disapproved of the algorithmic stablecoin model. ” I don’t debate the poor,” Kwon had mocked at the time.

The executive said in a conversation with Laura Shin on the Unchained Podcast that he created a persona over time to become more “transparent” with the community and that he acted in a particular way primarily for “entertainment value” because it was “fun with joking and shit-posting” with other people on Twitter. He now thinks his tweets were “cringe,” looking back.

Kwon displays a humble tone

But after the dramatic collapse, which had a knock-on effect on the rest of the cryptocurrency market, he might have become more realistic. 

“Just because there are anonymous cartoon characters that are more liberal with the words that they’re using, does not mean that I should have followed suit.”

The accusations made against Kwon by the South Korean prosecutors, in his opinion, are “politically motivated” rather than legitimate. The executive provided an update, stating that he has not obtained a copy of the red notice reportedly issued by Interpol last month.

Since the troubled CEO continues to evade arrest by authorities, South Korean prosecutors have recently disclosed that he has left Singapore for an undisclosed country through Dubai, as TheCoinRise reported.