Do Kwon’s alleged $80 million withdrawals before Terra fallout triggers mixed reactions

Reports that Terra (the brand new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly prior to the project crashed surfaced Friday, leading people from the community to voice their opinions around the matter.

Inside a tweet, crypto trader and analyst Michaël van de Poppe stated that Kwon deserves jail time. He compared the Terraform Labs Chief executive officer towards the infamous fraudster Bernie Madoff. “Honestly, he deserves jail,” Van de Poppe authored.

Twitter user DaisiObanla also agreed with Van de Poppe. Based on DaisiObanla, he really wants to hear this news that Kwon is sentenced to 150 years imprisonment with no parole. Furthermore, football player Nicolas Boulay also chimed in, writing the Terra executive “must have the wrath from the community.”

While there are lots of who demand incarceration, some disagree using the sentiment. President Bodhi tweeted they disagree, stating that “nobody puts casino proprietors in prison,” implying that purchasing the asset would be a gamble. After this, Twitter Druid Andrew also stated that Kwon did not do anything whatsoever that violates the criminal code.

Related: Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena offered in September

Government bodies in Columbia also have began to research Terraform Labs and it is workers to have an alleged Bitcoin (BTC) embezzlement. Using the cooperation of the exchange platform, the government bodies could freeze the funds under consideration. The analysis was initiated following the police received some advice from your informant who labored within the firm.

Among the Terra debacle, South Korea’s ruling party revealed plans to create a digital asset committee which will become crypto’s watchdog. The business will prepare policies and supervise the before the formation of the government entity focused on crypto.

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