- A Terra community member, FatMan, has been active in governance groups since UST’s colossal crash.
- Approached by several whistleblowers, he revealed a chain of events that led to the TerraUSD blowup.
- In a series of tweets, he implicated Do Kwon, Kanav Kariya and Samuel Bankman-Fried in insider deals that destroyed UST’s peg.
Whistleblowers from the Terra community have made allegations that some of the most prominent figures in the cryptocurrency industry, like FTX CEO Samuel Bankman-Fried and Jump Crypto CEO Kanav Kariya, were responsible for TerraUSD’s (UST) colossal crash and de-peg.
Also Read: Another Terra’s LUNA price failed recovery attempt
LUNAtic community member accuses co-founder of insider deals
Whistleblowers in the Terra community have come forward with details of an insider deal that destroyed stablecoin UST’s peg. FatMan is an active member of the LUNAtic community and its governance groups.
Following LUNA and UST’s crash which wiped out $39.1 billion in market value, FatMan came forward to criticize the workings of insiders involved in the collapse. Terra co-founder Do Kwon, Jump Crypto President Kanav Kariya, and FTX CEO Samuel Bankman-Fried were some of the insiders named by FatMan.
The community member told his Twitter followers that he had received tips from whistleblowers. FatMan accused Terra’s co-founder of paying Jump Capital a fixed fee of LUNA tokens every month to pay off their debt.
In the past 48 hours I have been contacted by several whistleblowers. These people would like to and will stay anonymous. I have learned some deeply troubling things and there is a lot more to come – this is just the very beginning. Here is some of what I can tell you.
— FatMan (@FatManTerra) May 23, 2022