Terraform Labs (TFL) and co-founder Do Kwon allegedly conducted a smear campaign and issued threats against a community member. The member accused Terraform Labs of running a smear campaign against him on Twitter. Terraform Labs (TFL), the company behind the now-defunct algorithmic stablecoin TerraUST [UST], and its co-founder, Do Kwon, are again in the news […]
However, he later discovered that the chain upgrade did not reset his vesting balances to the community pool, but enabled the manual transfer of vesting tokens to the community pool. This prompted him to reconsider his tax concerns.
Jimmy also stated that tax-related discussions with the Terraform Labs continued until December 2022, when Terraform Labs abruptly posted the Twitter thread on 6 January. He claimed that the smear campaign caught him off guard because they were in the middle of reconciling. He also shared personal messages from Do Kwon, which allegedly threatened him with various consequences, including a threat to personal safety.
The whole exchange riled up the crypto Twitter community. Fatman, a Twitter handle dedicated to the Terra-LUNA fiasco, was particularly incensed. Fatman lauded Jimmy and criticized Do Kwon, saying that someone who is on the run from Interpol should not threaten others for getting legal and tax advice.
TFL accidentally sent this dude an airdrop. Do Kwon demands it back. Dude tries getting tax implication advice so as not to get sued by the IRS. Do Kwon sparks a public smear campaign out of the blue & sends vague legal threats through barely competent law firm Dentons. Cringed.
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