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Do Kwon Speaks Out, Fatman Accuses Journalist of Still Shilling Terra

3 mins
Updated by Nicole Buckler
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In Brief

  • Do Kwon has granted a tell-all interview to a totally unknown media organization
  • This has caused Twitter personality FatMan to heavily criticize the motives behind it
  • Do Kwon is marketing himself as a failure, rather than a scammer
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Do Kwon has granted an interview to an unknown journalist, and Twitter personality Fatman accuses both of them of continuing the shill. This drama is what Twitter was built for.

Coinage Media (Who? Me either) has interviewed Do Kwon in the aftermath of the Terra Luna collapse. In the teaser, Kwon opens by saying, “Terra was supposed to be a stablecoin, and it didn’t remain stable. Therefore, it must be a fraud, and must be a scam. Crypto is still sort of like the wild wild west. I think I developed like sort of, an alter ego.”

When asked by Co-Founder of Coinage Media, Zack Guzmán, if he cringes at his past comments, Kwon answers, “Yes, but the algorithmic stablecoin was starting to become industry standard. I bet big and I think I lost.”

Do Kwon Defends Himself. We Think.

Kwon was asked to defend himself against the fraud accusations in the interview. However, viewing the piece isn’t as easy as initially thought. To see it, one must download a free NFT, which is needed to access the full interview (let’s forget about the gas fees for now).

I tried to connect my wallet to get the “free NFT” and it didn’t work, maybe I am still inebriated from the weekend…? Cocktails happened.

Coinage Media makes the case that the CEO of Theranos, Elizabeth Holmes, knew her technology didn’t work but pushed forward with selling it anyway. Theranos became famous for flogging a machine that the company claimed could identify a variety of ailments via a drop of blood. Of course, the tech was just wishful thinking. The teaser for the interview claims that Kwon will address accusations that he’s just Holmes without the long hair and skirt.  

The fallout from the Terra ecosystem collapse has been broad, with investors losing out big. And, one of Terra’s Co-Founders, Daniel Shin, was recently raided by Korean prosecutors. This is despite distancing himself from Do Kwon and the Terra project.

Enter the Fatman

Rising Twitter personality @FatManTerra claims to be an insider on the Terra project. He has leaked many inside documents during and after the collapse of the Terra ecosystem. He said of the interview with Kwon:

“Do, why not have an interview with someone more neutral and respectable like Bloomberg or Fortune instead of someone who has been consistently shilling you for *years*, almost as if he’s paid? And will you address the billions you cashed out of the system?”

To which Guzmán replied, “@FatManTerra more respectable? I was a user of Terra just like you were. Also kinda shady that you are acting like I didn’t try to reach out to you for this. Of course I covered Terra. It was either always going to be either crypto’s biggest success or its biggest failure.”

Do Kwon: In the fallout of Terra Luna, there is drama between grown men on Twitter.

Fatman denied that Guzman had reached out. “You didn’t reach out to me about a documentary or interview of any sort. You asked me if I was in Singapore and asked to meet up. I said no because I live in the UK. That was all. I think it’s ‘kinda of shady’ that you would lie about that…”

Do Kwon: In the fallout of Terra Luna, there is drama between grown men on Twitter.

Fatman also said, “I wouldn’t quite say you ‘covered Terra.’ I would say you shilled Terra and Do Kwon for a very long time, turning a blind eye to their weak points and acting like a sycophant when convenient. With respect, I think any journalist will agree that you are not the most neutral here.”

We will keep watching the fallout of Terra Luna and the drama between grown men on Twitter.

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Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content.

Nicole Buckler
Nicole Buckler has been working as an editor and journalist for over 25 years, writing from Sydney, Melbourne, Taipei, London, and Dublin. She now writes from the Gold Coast in Australia. Nicole first bought Bitcoin in 2013 not really understanding what she was doing. She is an accidental HoDLer. Got a story on the culture side of crypto? Email [email protected]