Crypto

Do Kwon Reveals If Terra Victims Will Get Any Compensation

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Yet again Do Kwon has grabbed attention, but this time it’s not due to any investigation related news. Instead it’s due to his Friday, Oct 14 interview with Unchained Podcast host, Laura Shin.

Before the interview, Laura had asked Do Kwon the reason for his refusal to return to the country even after multiple charges against him via Twitter. For which the Terra labs founder replied to answer all the queries in the upcoming Podcast.

Do Kwon Denies Any Compensation To Depeg UST Holders 

Among a series of questions and answers, while expressing his grief for May’s Terra crisis, Do Kwon even chose to answer a long awaited question if depegged UST holders will get their money back. This question comes in reply to Do Kwon agreeing to compensate depeg UST holders (now USTC) with USDT or USDC.

While in an interview at Unchained Podcast channel, Laura Shin asked Do Kwon if UST holders will receive their compensation as promised by him. However, Do Kwon chose to avoid the question and his earlier tweet and asked why Luna Foundation Guard (LFG) is not in a state to compensate users.

“Foundation guard is not at a state where it can make clear disposal of its assets. There is pending civil litigation against LFG. So until those are resolved, we just are not able to distribute tokens.”

Moreover, he was seen claiming that there is no fixed time frame to say when the depeg UST users will receive their money back, but he hopes to see it happen soon.

Furthermore, Do Kwon has denied the speculations of him working on Terra Classic (LUNC) even though Terra network supports LUNC. Even the Terra Rebels, LUNc developer group has claimed to be independent soon with its Terra Classic revival road map.

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