Coinage to interview founder Do Kwon

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Coinage to interview founder Do Kwon

The Coinage platform will air the first video interview with Do Kwon since the collapse of the Terra ecosystem on August 15.

FatManTerra, who tries to find out what happened, questioned why Do Kwon did not choose a more neutral news outlet to conduct the interview.

The UST stable coin, which underpins Terra, lost its dollar peg on May 8, triggering a chain of events that have rocked the criptocurrency industry. There have been several allegations of dirty dealings after they came to light, including Do Kwon siphoning funds, the use of shell companies to launder money, and whistleblower reports of the involvement of entities like Jump and FTX.

Do Kwon has always maintained that he is innocent of any wrongdoing and that vulnerabilities in the algorithmic stablecoin architecture were the cause.

The co-founder of Trustless Media Zack Guzm n took to Twitter to talk about an exclusive interview with Terra founder Do Kwon.

It featured sound bites of Do Kwon responding to critical questions, including his take on user losses and the justification for using an algorithmic stable coin.

In response, FatManTerra addressed Do Kwon directly, asking why Coinage, which heavily promoted Terra before its collapse, was selected to conduct the interview. He also wondered if Do Kwon talked about allegations of siphoning billions.

Guzm n implyed that Coinage is a respectable news outlet. As a Terra user, he also lost money. The coverage of Terra was explained by Guzm n, who said it was destined to be the biggest success or failure of the criptocurrency, insinuating the publicity was warranted.

Coinage is a platform that answers the biggest questions in the industry. Its backers include FTX CEO Sam Bankman-Fried and AVA Labs President John Wu.

Social media replies suggest that Do Kwon deliberately caused the Terra collapse for self-gain, as opposed to bad luck or misfortune.

One Twitter user said that there was no room for smirks and smiles considering the devasting human impact of the collapse.

The industry hasn't recovered from the meltdown, citing ongoing bankruptcies of the CeFi. As a final injustice, Do Kwon has not suffered financially.

The free NFT that will cost Ethereum gas fees will be required to get access to the interview.