Hacktivist group Anonymous intends to investigate Kwon’s background since entering the cryptocurrency industry and believe he may have committed several other crimes.
Anonymous listed all of Do Kwon’s alleged crimes, including taking $80 million a month from the Terra ecosystem and his role in the crash of Basis Coin, another algorithmic stablecoin allegedly created by Kwon under the pseudonym of “Rick Sanchez“.
Part of the video transcript reads:
Do Kwon, if you listen, unfortunately there is nothing that can be done to reverse the damage you have done. At this point, the only thing we can do is hold you accountable and ensure that you are brought to justice as soon as possible.
The group intends to investigate Kwon’s background since entering the cryptocurrency industry and believe he may have committed several other crimes.
There’s no doubt that there are plenty of other crimes to uncover on your journey of destruction.
Also, the group criticizes Kwon for acting like Terra is too big to fail and for trolling critics and contestants.
Kwon and his company, Terraform Labs, are already the subject of multiple investigations in South Korea and the United States. If Anonymous keeps its promise, it could provide additional information to investigators and investors who fell victim to the fall of Terra.
Anonymous is one of the most popular cybercrime groups in the world. The decentralized group emerged in 2003 and has taken responsibility for several cyberattacks against government institutions and private companies.
Terra-linked tokens on the rise
Terra-linked tokens have performed well over the past 24 hours, according to data from coingecko. The new LUNA token is trading at $2.6 after rising 9.7% in the previous 24 hours.
Similarly, LUNA Classic was up 26.4% over the same period and is trading at $0.000075.
Similarly, TerraClassicUSD is up over 40% in the past 24 hours, and is currently trading at $0.01579727.
This positive performance is surprising given that the top 10 cryptocurrencies by market capitalization saw an average decline of 1% in value over the same 24 hours.