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The Terra validator leaked secret correspondence from the “war room” chat from May 12 until the launch of Luna 2.0. The THORmaximalist validator was a Telegram chat that included members of Terraform Labs and its founder, Do Kwon.
The published conversations reflect the chaos that arose after TerraUST lost its peg with the US dollar.
The correspondence shows Do Kwon commenting on the whale: “First, a whale with a bet on anchor and UST shorts will be locked there for two days. So if the market explodes, it’s over.”
On May 12, the “war room” focused on three main themes: a launched market module, a blocked bridge asset, and a distribution plan for the new network.
Chat magazines show a lot of confusion about this: “Can anyone enlighten me about what this new release is for or what it does?” At one point, even Do Kwon was lost: “Can anyone summarize the problem? I’m confused.”
Amid the general confusion, the Terra 2.0 network was launched on May 27, 2022. The new and revived cryptocurrency began to be traded on leading exchanges at a price of $ 17.8. On launch day, its price fell by 80%, showing no signs that this is the limit.
#Terraform #Labs #internal #correspondence #reveals #managerial #chaos
