"I and I alone am responsible for any weaknesses that could have been presented for a short seller to start to take profit" - Do Kwon
A true man of integrity and honor doesn't point fingers or blame, he looks within and takes responsibility
this doesn't mean that crimes weren't committed -- like how Jane Street was pretending to cut a deal to save Terra just after they used insider trading info to start the depeg. There are reasons why punitive laws exist to protect market participants while fostering high degree of trust and faith in the financial system
but none of them seem to apply to Jane Street and those who brought down Terra
$Luna for some reason....
and our fall-guy Do Kwon now sits in jail for 15 years because of some hubris and overconfidence in his creation? and 2 vague tweets? this would be laughable if it weren't so tragic
TBT to that time we asked Do Kwon about a trading firm targeting Terra, 4 years before Jane Street was just implicated:
"If you're asking me whether there was a mole at TFL, that's probably yes."