Terra Co-Founders' Leaked Messages Reveal Alleged Plan to Use Fake Transactions to Lure Investors

Leaked Slack messages show Terra co-founders discussing fake transactions to attract investors. Kwon said he could "create fake transactions that look real."
Kwon now claims messages were taken out of context. His lawyers say he discussed staking LUNA, not fake transactions.
Kwon told co-founder Shin he "won't tell if you won't", suggesting a pact to keep the plan secret.
Kwon said it would be hard for investors to uncover the manipulation. He would "try his best" to make it indiscernible.
Kwon's lawyers are fighting his extradition to the US over the Terra collapse. Kwon was convicted of passport fraud in Montenegro.

cointelegraph.com

Relevant topic timeline:

9/29/2023

SEC Revelations: Do Kwon Faked Terra Trading Volume and Used Chai to Create Fake Transactions

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Posted 9/30/2023, 3:42:09 AM