A Korean translation of the name Do Kwon means "To Bring about" & "Authority" Most of the theories swirling around involve the same premise, crashing a stable coin to usher in regulation, among other things. For those who know how "they" work, this is important.
Considering how abysmally he's handling the aftermath, one could assume he isn't actually trying to salvage anything.
The theory that seems to be making the most sense right now also says he's forcing the decision to fork the LUNA chain merely to unlock the liquidity that's left so he can peace out with it.
Owes something like $78 million in taxes, under current investigation.
Plenty more to point to him being a Con, but it's all shaping out to have been way to coordinated. Seems more like this has been the plan all along and he is a willing or unwilling participant.
You don't need a conspiracy here when most of the cryptos are ponzi speculation scams to begin with and the founders are idiots, criminals or both.
All you need ia Liquidity and speculation to come to a screeching halt and all ponzis start failing.
And that is exactly what is happening worldwide if you haven't been paying attention.
When Liquidity drains we find out who's been swimming naked. 99% of the cryptobros.
Good Riddance.
couldnt agree more. amen to the pacifism of the speculative coin "investing" job, its no more valuable than a canadian poop farmer.