Anonymous takes on the creator of Luna, Do Kwona. Meanwhile, his next token is growing rapidly

Has the creator of the Luna cryptocurrency and the algorithmic stablecoin UST had bad intentions from the beginning? According to the Anonymous collective, there is "substantial evidence" of this. Anonymous hackers say they will reveal them, meanwhile, the Luna 2.0 token is growing at a crazy pace, despite the poor sentiment in the cryptocurrency market.

Anonymous published a statement on Youtube. This is their classic way of communicating with the world. Hackers announce that they will expose all crimes committed by Do Kwon in the near future and make him answer a court for everything he did.

It is, of course, about the May collapse of the entire Terra system, and above all, the decrease in the value of the Luna token and the algorithmic stablecoin UST based on it. Tens of billions of dollars "evaporated" from the system, and the cryptocurrency market collapsed and virtually all tokens had never seen discounts. Many people have lost their life savings, and there are known suicides due to the loss of property due to the collapse of the Terra system.

READ ALSO: To Kwon with a ban on leaving the country? The creator of Luna under the scrutiny of investigators

The creator of the blockchain empire, which - as it turned out - was built on clay legs, is currently in legal trouble. Investigations by the US Securities Commission and the Korean judiciary are underway against Do Kwon and Terraform Labs, which has so far been much more successful. Even the testimony of a Terraform Labs employee who did not present his boss in the best light was leaked to the Korean press.

Some argue that it was Do Kwon who diverted $ 2,7 billion from the system just before its collapse. He was also said to have committed tax evasion and was involved in money laundering.

Until Kwon punished for arrogance?

However, investigations by official law enforcement agencies have been going on for a long time. Mostly based on publicly available company documents and questioning of witnesses. The group of hacktivists Anonymous, however, is famous for using completely different methods - rather, they reach out to documents and facts that others want to hide.

Now Anonymous group analyzes the entire history of Do Kwona's accomplishments. He also wants to follow what he did before entering the cryptocurrency market. Hackers also emphasize the arrogance of the Korean who mocked competing projects. He even said once that his best entertainment is watching other projects fail. When he was criticized, he answered in his own style: he asked, for example, how much can you buy all of Poland?

Sometimes people just make mistakes and sometimes businesses fail, but there is compelling evidence that Do Kwon had bad intentions from the start - emphasize Anonymous.

Will they really discover something? We will see, but one thing is certain: if so, we will definitely find out about it.

Luna 2.0 grows against logic?

Soon after the fall of Luna, the Luna2 token was created (the "old" Luna was named Luna Classic). In June, it reached a price minimum of USD 1,62, but has been growing dynamically since then. The last 9 days is a 70% increase.

Some analysts, however, forecast that it is nothing more than a rebound from previous declines, and the trend is still downward. Only a break above USD 2,40 would change the trend. According to experts, however, there is no greater chance for this, because Luna2 will be an extremely speculative asset in the entire imaginable time frame. This has been the case since its inception in May, when the price rose sharply on the first day by 483%, and then quickly nullified all the movement.

However, speculation also has good sides for the owners of the "old" Luna. LUNAC and USTC tokens also become more expensive with the increase in Luna 2 prices. During the period June 12-27, LUNAC's market capitalization increased by 75% to 594 million from $ 339 million. USTC capitalization in the same period increased from $ 13 million to $ 96 million.