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Terraform Labs' CEO and co-founder Do Kwon said that he believed in the stability of Terra's algorithmic stablecoin UST and apologized to investors for what happened.
Kwon showed in the interview his knack at double-talking.
"This revised proposal aims to better align incentives across the ecosystem and focus on attracting developers, onboarding users and promoting deep liquidity," the proposal read.
Do Kwon is known for insulting his critics on Twitter by calling them "poor."
NEW YORK (Bloomberg): Crypto fugitive Do Kwon, who faces charges in South Korea related to his collapsed stablecoin ecosystem, said he’s cooperating with prosecutors but hasn’t seen the arrest warrant issued for him.