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Saturday 23 July 2022

Hacker Group Anonymous a Decided to the Bring Do Kwon to the Court

Hacker Group Anonymous a Decided to the 

Bring Do Kwon to the Court

Anonymous, a group of the hackers, has targeted Terra’s founder Do Kwon. Anonymous says that the only Kwon is a responsible for the  scamming billions of the dollars from retail investors. The group uploaded a video to its YouTube page asking for the Kwon to be a  brought a under the ambit of the law as a soon as possible. Many allegations have been a made by the against Kwon in this video. It states that they allegedly withdrew billions of a dollars from the firm before the Terra ecosystem collapsed.

The video states that he was a also involved in the failed a stablecoin project Basis Cash. by the anonymous Told That Kwon’s intentions were a wrong from the start and that his crimes should be exposed as a soon as possible. The hackers  a group reported that Kwon was a never held accountable for the Stablecoin Basis Cash failure because he built the project with a false identity ‘Rick Sanchez’. Anonymous said, “If Kwon does not listen, nothing can be done to the  make up for the damage done on his part. The community can be only hold him responsible at this stage and make it  sure he gets him as a soon as possible.” be brought a under the ambit of the law.”

Kwon is being a investigated by the South Korean regulators. Kwon recently said in an a interview with the Wall Street Journal that he was shocked by the collapse of the Terra UST project. After the steep fall in the stablecoin Terra UST, there has been a demand to the make regulations for regarding to the crypto segment in the many countries. In this series, the Financial Regulator of the South Korea, the Financial Supervisory Service (FSS), has been decided to tighten the monitoring of the virtual assets and a analyze the risks associated with them.

Stablecoin project early a last month Terra The impact of the huge fall in the entire a crypto segment was a affected. It has been revamped as ‘Terra a  2.0’ to compensate are investors for the loss caused by this fall. Stablecoins are the cryptocurrencies that attempt to link their market price to a reserve asset such as a gold or a common currencies. These are more commonly used for a digital transactions that involve converting virtual assets into the real assets. USD Coin, Tether and the Binance a  USD are also some of the popular stablecoins, which are pegged to the US Dollar. Stablecoin, a rapidly growing version of the crypto, has been  emerged as a major medium of the exchange.

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