Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report

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Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
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Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.

Daniel Shin, the co-founder of collapsed stablecoin issuer Terraform Labs, blamed former CEO Do Kwon for the company's implosion in May 2022 at his trial, South Korean news platform

"The cause of the coin plunge was the unreasonable operation of the Anchor Protocol conducted by CEO Kwon and external attacks. It has nothing to do with Shin,” a lawyer reportedly said.

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