The infamous creator of the Terra stablecoin, Do Kwon has done an interview with Coinage Media regarding the Terra Luna fiasco. The interview has received backlash from FatManTerra accusing Kwon journalist who is still ‘shilling’ him.
The teaser for the interview features Do Kwon saying, “Terra was supposed to be a stablecoin, and it didn’t remain stable. Therefore, it must be a fraud, and must be a scam. Crypto is still sort of like the wild wild west. I think I developed like sort of, an alter ego.”
When further asked by Coinage Media co-founder, Zack Guzmán, if he cringes at his past comments, Kwon replies, “Yes, but the algorithmic stablecoin was starting to become industry standard. I bet big and I think I lost.”
The interview dropped today and users need to download a free NFT to watch it. Kwon was asked to defend himself against the fraud accusations in the interview.
Avid crypto tweeter, FatManTerra, who claims to be an insider on the Terra project, commented, “Do, why not have an interview with someone more neutral and respectable like Bloomberg or Fortune instead of someone who has been consistently shilling you for *years*, almost as if he’s paid? And will you address the billions you cashed out of the system?”
This led to Guzmán responding that he himself was a user of Terra. He also accuses FatManTerra of being shady by acting like the co-founder didn’t try to reach out to him for this. He further says, “Of course I covered Terra. It was either always going to be either crypto’s biggest success or its biggest failure.”
FatMan denied Guzmán reaching out to him about a documentary or interview of any sort. He further accuses Guzmán of not ‘covering Terra’ and instead shilling Terra and Do Kwon and ‘turning a blind eye to their weak points and acting like a sycophant when convenient.’