{"id":255041,"date":"2022-08-15T11:45:57","date_gmt":"2022-08-15T10:45:57","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=255041"},"modified":"2022-08-15T12:06:28","modified_gmt":"2022-08-15T11:06:28","slug":"fatmanterra-calls-out-do-kwons-first-interview-since-terra-collapse-as-pr-spin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/fatmanterra-calls-out-do-kwons-first-interview-since-terra-collapse-as-pr-spin\/","title":{"rendered":"FatManTerra questions integrity of Do Kwon&#8217;s first interview since Terra collapse"},"content":{"rendered":"<p>On August 15, the <a href=\"https:\/\/twitter.com\/coinage_media\">Coinage<\/a> platform will air the first video interview with\u00a0 Do Kwon since the collapse of the Terra ecosystem.<\/p>\n<p><a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1558856412649951235\">FatManTerra<\/a>, who has risen to prominence by attempting to uncover what happened, questioned why Do Kwon did not select a &#8220;more neutral&#8221; news outlet to conduct the interview.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Do, why not have an interview with someone more neutral and respectable like Bloomberg or Fortune instead of someone who has been consistently shilling you for *years*, almost as if he&#39;s paid? And will you address the billions you cashed out of the system?<a href=\"https:\/\/t.co\/jSiCS0REhP\">https:\/\/t.co\/jSiCS0REhP<\/a><\/p>\n<p>&mdash; FatMan (@FatManTerra) <a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1558856412649951235?ref_src=twsrc%5Etfw\">August 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The <a href=\"https:\/\/cryptoslate.com\/terrausd-dollar-peg-rocked-by-weekend-dump-luna-drops-20\/\">UST stablecoin<\/a>, which underpinned the Terra ecosystem, lost its dollar peg on May 8, setting off a chain of events that rocked the cryptocurrency industry. According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-24\/terra-collapse-triggers-83-billion-decentralized-finance-slump\">Bloomberg News<\/a>, the collapse directly cost investors $83 billion.<\/p>\n<p>In the aftermath, several allegations of dirty dealings have come to light, including Do Kwon <a href=\"https:\/\/cryptoslate.com\/do-kwon-accused-of-siphoning-8m-a-month-from-failed-terra-project\/\">siphoning funds<\/a>, the use of shell companies to <a href=\"https:\/\/cryptoslate.com\/terraform-labs-caught-moving-4-8m-through-shell-company\/\">launder money<\/a>, and <a href=\"https:\/\/cryptoslate.com\/prominent-entities-implicated-as-whistleblowers-lift-the-lid-on-terra-scandal\/\">whistleblower reports<\/a> of the involvement of entities including Jump and FTX, among other allegations.<\/p>\n<p>Do Kwon has always maintained he is innocent of any wrongdoing and that vulnerabilities in algorithmic stablecoin architecture were the cause.<\/p>\n<h2>Coinage accused of bias<\/h2>\n<p>Co-founder of Trustless Media <a class=\"css-4rbku5 css-18t94o4 css-1dbjc4n r-1loqt21 r-1wbh5a2 r-dnmrzs r-1ny4l3l\" role=\"link\" href=\"https:\/\/twitter.com\/zGuz\/status\/1558851374619803649\"><span class=\"css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0\"><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Zack Guzm\u00e1n<\/span><\/span><\/a> took to Twitter to publicize an exclusive interview with Terra founder Do Kwon.<\/p>\n<p>Accompanying the tweet was a short teaser video showing snippets of the interview. It featured sound bites of Do Kwon responding to critical questions, including his take on user losses and the justification for using an algorithmic stablecoin.<\/p>\n<blockquote><p>&#8220;The algorithmic stablecoin was starting to become an industry standard. I bet big and I think I lost.&#8221;<\/p><\/blockquote>\n<p>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.<\/p>\n<p><a class=\"css-4rbku5 css-18t94o4 css-1dbjc4n r-1loqt21 r-1wbh5a2 r-dnmrzs r-1ny4l3l\" role=\"link\" href=\"https:\/\/twitter.com\/zGuz\/status\/1558861090427117572\"><span class=\"css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0\"><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Guzm\u00e1n<\/span><\/span><\/a> responded by implying Coinage is a respectable news outlet. And, as a Terra user himself, he also lost money. Explaining Coinage's coverage of Terra, <span class=\"css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0\"><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Guzm\u00e1n said it was destined to be crypto's biggest success or failure, insinuating the publicity was warranted.\u00a0 <\/span><\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/FatManTerra?ref_src=twsrc%5Etfw\">@FatManTerra<\/a> more respectable? I was a user of Terra just like you were. Also kinda shady that you are you acting like I didn&#39;t try to reach out to you for this<\/p>\n<p>Of course I covered Terra. It was either always going to be either crypto&#39;s biggest success or its biggest failure<\/p>\n<p>&mdash; Zack Guzm\u00e1n (@zGuz) <a href=\"https:\/\/twitter.com\/zGuz\/status\/1558861090427117572?ref_src=twsrc%5Etfw\">August 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/www.coinage.media\/about\">Coinage<\/a> pitches itself as the platform that answers the biggest questions in the crypto industry. Its backers include FTX CEO Sam Bankman-Fried and\u00a0 AVA Labs President John Wu.<\/p>\n<h2>The community responds<\/h2>\n<p>On the whole, social media replies suggest a belief that Do Kwon deliberately caused the Terra collapse for self-gain, as opposed to the event being bad luck or misfortune.<\/p>\n<p>Commenting on the teaser video, <a href=\"https:\/\/twitter.com\/earthwormjimmy1\/status\/1558880908626710528\">one Twitter user<\/a> said, &#8220;theres [sic] no room for smirks and smiles,&#8221; considering the devasting human impact of the collapse.<\/p>\n<p><a href=\"https:\/\/twitter.com\/Mintyforeva\/status\/1558857791380500480\">Another<\/a> pointed out that the crypto industry has yet to recover from the meltdown, citing ongoing CeFi bankruptcies. What's more, as a final injustice, Do Kwon has not seemingly suffered financially.<\/p>\n<p>Accessing the interview will require users to mint a free NFT that will only cost Ethereum gas fees. Coinage will post the interview on YouTube at 12 pm EST on August 15.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 15, the Coinage platform will air the first video interview with\u00a0 Do Kwon since the collapse of the Terra ecosystem. FatManTerra, who has risen to prominence by attempting to uncover what happened, questioned why Do Kwon did not select a &#8220;more neutral&#8221; news outlet to conduct the interview. Do, why not have an [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":255103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,38],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FatManTerra questions integrity of Do Kwon&#039;s first interview since Terra collapse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/fatmanterra-calls-out-do-kwons-first-interview-since-terra-collapse-as-pr-spin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FatManTerra questions integrity of Do Kwon&#039;s first interview since Terra collapse\" \/>\n<meta property=\"og:description\" content=\"On August 15, the Coinage platform will air the first video interview with\u00a0 Do Kwon since the collapse of the Terra ecosystem. 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Do, why not have an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/fatmanterra-calls-out-do-kwons-first-interview-since-terra-collapse-as-pr-spin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-15T10:45:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-15T11:06:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/image_2022-08-15_153546504.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samuel Wan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" 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