ICYMI: Do Kwon has ‘great confidence’ in rebuilding Terra blockchain: WSJ
Developers are working to relaunch apps in the new Terra blockchain following a relaunch in May, Kwon claimsDo Kwon, CEO of Terraform Labs, expressed confidence today in the latest efforts to rebuild the Terra blockchain following the collapse of its predecessor in May.in an interview published Wednesday that he has “great confidence” in the company’s ability to “build back even stronger" than before.
Kwon said he was “devastated” by the Terra crisis. “[I] hope that all the families who’ve been impacted are taking care of themselves and those that they love,” he added.that accused them of selling unregistered securities and making false statements about the stability of the TerraUSD stablecoin and related token LUNA. Other defendants named in the case are Jump Crypto, Jump Trading and Three Arrows Capital.
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