FatMan Critiques Do Kwon's Ironical Rebuke of SBF

Crypto Controversies and Irony

Crypto researcher FatMan has criticized Terra co-founder Do Kwon for his comments against Samuel Bankman-Fried (SBF), labeling the situation as ironical. FatMan highlights that Do Kwon's attempt to criticize SBF, following the Terra crash, is an effort to improve his own image. Both Do Kwon and SBF have faced scrutiny due to their companies' involvement in financial scandals, drawing attention to their similar trajectories.

Criticism of Do Kwon

FatMan describes Do Kwon's actions as "truly disgusting behavior," expressing that both Do Kwon and SBF are fundamentally similar, given their connection to fraudulent activities. The critique underscores the irony in Do Kwon's public condemnation of SBF's alleged deceit, suggesting it is an attempt to deviate attention from his own controversies.

Defense and Counterarguments

In response to FatMan's remarks, blockchain enthusiast Pinetoad defended Do Kwon, suggesting that FatMan's assertions were based on unreliable sources. Pinetoad highlighted FatMan's past association with TFL and referenced an experiment called BasisCash that failed. Despite these defenses, FatMan maintained his stance by denying the involvement of the mentioned sources, emphasizing the need for open dialogue while warning against spreading misinformation.

Parallel Downfalls

Both SBF's FTX exchange and Do Kwon's TerraLabs faced significant downturns due to financial mismanagement. Terra's collapse occurred in May 2022, while FTX's issues surfaced in November of the same year. These parallel downfalls highlight the complexities and risks inherent in the cryptocurrency industry.

This ongoing discourse reflects broader issues within the crypto sector, where transparency and accountability remain central concerns.