Terra’s (CRYPTO: LUNA) founder Do Kwon was reportedly aware of critical flaws in its algorithmic stablecoin TerraUSD’s (CRYPTO: UST) mechanism but pushed for the launch anyway.
What Happened: According to a report from South Korean news outlet JTBC, authorities have summoned former employees of Terraform Labs as part of an ongoing investigation into the Terra collapse.
One of the employees involved in Terra’s initial development in 2019 revealed that the team had cautioned against the launch of an algorithmic …
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