{"id":242623,"date":"2022-06-12T15:00:48","date_gmt":"2022-06-12T14:00:48","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=242623"},"modified":"2022-06-12T14:33:58","modified_gmt":"2022-06-12T13:33:58","slug":"do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/","title":{"rendered":"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox"},"content":{"rendered":"<p>Do Kwon was <a href=\"https:\/\/cryptoslate.com\/do-kwon-accused-of-siphoning-8m-a-month-from-failed-terra-project\/\">recently accused<\/a> of withdrawing $80 million a month from the Terra ecosystem leading up to the crash \u2014 fresh allegations claim this happened more than 33 times, and a staggering $2.7 billion was taken out of the system through Degenbox by Abracadabra Money.<\/p>\n<p>Do Kwon has publicly denied the allegations, calling them &#8220;categorically false,&#8221; after making his Twitter account public again.<\/p>\n<h2>The Allegations<\/h2>\n<p>According to the allegations, Do Kwon used Abracadabra.money and a staking loop that allows extreme levels of leveraging to withdraw the money as described by FatManTerra:<\/p>\n<blockquote><p>&#8220;You can stake collateral to buy UST, put it into Anchor, then use your aUST to borrow more UST, put it into Anchor again&#8230; You get the drill. It's Anchor on steroids.&#8221;<\/p><\/blockquote>\n<p>The staking loop is also employed by other derivative tokens such as <a href=\"https:\/\/twitter.com\/0xfoobar\/status\/1512678979400044545\">stETH<\/a>. These advanced yield strategies offer insanely high rewards but create extremely volatile investments with ever-increasing liquidation risks. FatManTerra alleges that Do Kwon undertook such a strategy and thus gambled with the future of Terra for his own personal gain.<\/p>\n<p>FatManTerra questioned how Do Kown could have sold the $80 million tranches of tokens he acquired without crashing the price of either $LUNA or $UST since there is a lack of liquidity to absorb the selling pressure.<\/p>\n<p>However, FatManTerra <a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1535623670084911109\">claimed<\/a> that Degenbox's popularity had built up enough &#8220;near-immovable liquidity&#8221; that allowed Do Kwon to convert billions of $UST for $MIM.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here&#39;s the total amount of MIM Do Kwon was able to cash out through the MIM\/UST pool &#8211; without even moving the peg! $2,719,132,772.01, to do with what he pleases. No need to dump LUNA or sell UST on exchanges &#8211; he drummed up liquidity from all of you. (7\/13) <a href=\"https:\/\/t.co\/vRVve3WRsj\">pic.twitter.com\/vRVve3WRsj<\/a><\/p>\n<p>&mdash; FatMan (@FatManTerra) <a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1535623673293549568?ref_src=twsrc%5Etfw\">June 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Do Kwon then allegedly sold the $MIM tokens for $USDC and $USDT.<\/p>\n<p>Do Kwon once <a href=\"https:\/\/www.youtube.com\/watch?v=qnpM6TOxlF0\">claimed<\/a>:<\/p>\n<blockquote><p>&#8220;If you keep on using centralized, stable coins eventually they are going to rug you\u2026 so you might as well start using UST.&#8221;<\/p><\/blockquote>\n<p>It is highly unusual that Do Kwon, who has publicly stated that investors should only trust decentralized stablecoins such as $UST, would purchase either $USDC or $USDT.<\/p>\n<p>The below image shows the value of $MIM tokens that were converted into centralized stablecoins. These tokens were then <a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1535623680436355073\">sent<\/a> to exchanges such as Binance, KuCoin, and Huobi to cash out.<\/p>\n<figure id=\"attachment_242626\" aria-describedby=\"caption-attachment-242626\" style=\"width: 850px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-242626 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/FU-c9J5WUAA4AO9.png\" alt=\"do kwon usdt\" width=\"850\" height=\"340\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/FU-c9J5WUAA4AO9.png 850w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/FU-c9J5WUAA4AO9-300x120.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/FU-c9J5WUAA4AO9-768x307.png 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><figcaption id=\"caption-attachment-242626\" class=\"wp-caption-text\">Source: Twitter<\/figcaption><\/figure>\n<p>The data was analyzed by @fozzydiablo and can be viewed on <a href=\"https:\/\/dune.com\/fozzydiablo\/TFL-Exit-Liquidity\">Dune<\/a>. FatManTerra allows for the benefit of the doubt and accepts that some of the money could theoretically have gone to Luna Foundation Guard. He ended his thread with a demand for &#8220;proper transparency and accountability.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Call to action:<br \/>&#8211; Clarify the purpose of these huge trades.<br \/>&#8211; Publish a PDF breaking down the sources of LFG funds, since they were meant for UST holders.<br \/>&#8211; Publish trade logs and counterparties for the &#39;peg defence&#39; (you have still provided zero evidence for any of it!) (12\/13)<\/p>\n<p>&mdash; FatMan (@FatManTerra) <a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1535623684936941568?ref_src=twsrc%5Etfw\">June 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Do Kwon's public response<\/h2>\n<p><em>CryptoSlate<\/em> reached out to Do Kwon directly for clarification on the allegations, but he declined to comment and shared an email address for Terraform Labs' comms team instead.<\/p>\n<p>Do Kwon posted a public denial on Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ This should be obvious, but the claim that I cashed out $2.7B from anything is categorically false<\/p>\n<p>&mdash; Do Kwon \ud83c\udf15 (@stablekwon) <a href=\"https:\/\/twitter.com\/stablekwon\/status\/1535811515978108928?ref_src=twsrc%5Etfw\">June 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He said people are making contradictory allegations regarding his holdings and spreading &#8220;falsehood,&#8221; which only &#8220;adds to the pain of everyone who has lost.&#8221;<\/p>\n<p>Do Kwon clarified that his only income in the last two years has been a nominal cash salary from TFL and that he chose to defer taking his founder's tokens to avoid &#8220;unnecessary finger pointing.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">3\/ To reiterate, for the last two years the only thing ive earned is a nominal cash salary from TFL, and deferred taking most of my founder\u2019s tokens because a) didn\u2019t need it and b) didn\u2019t want to cause unnecessary finger pointing of \u201che has too much\u201d<\/p>\n<p>&mdash; Do Kwon \ud83c\udf15 (@stablekwon) <a href=\"https:\/\/twitter.com\/stablekwon\/status\/1535811519182606336?ref_src=twsrc%5Etfw\">June 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do Kwon was recently accused of withdrawing $80 million a month from the Terra ecosystem leading up to the crash \u2014 fresh allegations claim this happened more than 33 times, and a staggering $2.7 billion was taken out of the system through Degenbox by Abracadabra Money. Do Kwon has publicly denied the allegations, calling them [&hellip;]<\/p>\n","protected":false},"author":1264,"featured_media":242648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,9836,32631,76736],"tags":[],"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>Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox<\/title>\n<meta name=\"description\" content=\"Recent reports that Do Kwon could have siphoned $80 million from LUNA and UST may have repeated up to 33 times for a total of $2.7B\" \/>\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\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox\" \/>\n<meta property=\"og:description\" content=\"Recent reports that Do Kwon could have siphoned $80 million from LUNA and UST may have repeated up to 33 times for a total of $2.7B\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-12T14:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-12T13:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/image_2022-06-12_183255450.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"378\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liam &#039;Akiba&#039; Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\"]},\"headline\":\"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox\",\"datePublished\":\"2022-06-12T14:00:48+00:00\",\"dateModified\":\"2022-06-12T14:00:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\"},\"wordCount\":527,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Rumors\",\"Scams\",\"Stablecoins\",\"Tokenization\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\",\"url\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\",\"name\":\"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2022-06-12T14:00:48+00:00\",\"dateModified\":\"2022-06-12T14:00:48+00:00\",\"description\":\"Recent reports that Do Kwon could have siphoned $80 million from LUNA and UST may have repeated up to 33 times for a total of $2.7B\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox","description":"Recent reports that Do Kwon could have siphoned $80 million from LUNA and UST may have repeated up to 33 times for a total of $2.7B","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/","og_locale":"en_US","og_type":"article","og_title":"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox","og_description":"Recent reports that Do Kwon could have siphoned $80 million from LUNA and UST may have repeated up to 33 times for a total of $2.7B","og_url":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/","og_site_name":"CryptoSlate","article_published_time":"2022-06-12T14:00:48+00:00","article_modified_time":"2022-06-12T13:33:58+00:00","og_image":[{"width":720,"height":378,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/image_2022-06-12_183255450.png","type":"image\/png"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright"]},"headline":"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox","datePublished":"2022-06-12T14:00:48+00:00","dateModified":"2022-06-12T14:00:48+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/"},"wordCount":527,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Rumors","Scams","Stablecoins","Tokenization"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/","url":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/","name":"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2022-06-12T14:00:48+00:00","dateModified":"2022-06-12T14:00:48+00:00","description":"Recent reports that Do Kwon could have siphoned $80 million from LUNA and UST may have repeated up to 33 times for a total of $2.7B","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/do-kwon-denies-fresh-allegations-of-withdrawing-2-7b-from-terra-ecosystem-via-degenbox\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/242623"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=242623"}],"version-history":[{"count":16,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/242623\/revisions"}],"predecessor-version":[{"id":242650,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/242623\/revisions\/242650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/242648"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=242623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=242623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=242623"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=242623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}