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.
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.”
Financial Times
Fetching latest articles
Original URL: https://www.afr.com/markets/currencies/crypto-collapse-turns-south-korea-against-the-lunatic-leader-20220525-p5aofv
