Crypto collapse turns South Korea against the ‘lunatic’ leader
The offer of 20 per cent yield on terra/luna catapulted Do Kwon to cult leader status with a fan following of ‘lunatics’ until it all came crashing down.
Christian Davies and Song Jung-a
After Do Kwon indicated he would inject $US300 million into the reserves that underpinned the 20 per cent yield on his luna cryptocurrency, a Twitter user asked him where the money would come from.
Kwon’s response was succinct: “Your mom, obviously.”
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