Do Kwon appears and posts: Neither I nor the team profited from the incident, feeling deeply saddened by the pain caused to everyone.

Two days after disappearing, Terra founder Do Kwon released a proposal for ecosystem rebuilding on the early morning of 5/14, and about six hours later, he tweeted emphasizing that neither he nor his team profited from the incident, did not sell LUNA or UST during the crisis, and expressed heartbreak over the pain caused to everyone.

Two days after the disappearance, Terra founder Do Kwon proposed a plan for ecosystem reconstruction in the early morning of 5/14, and about six hours later, he tweeted, emphasizing that neither he nor his team profited from the incident, did not sell LUNA or UST during the crisis, and expressed heartbreak for the pain caused to everyone.

Original post link: https://twitter.com/stablekwon/status/1525238418812178432

In the past few days, I have been calling Terra community members: builders, community members, employees, friends, and family, who have been deeply affected by the UST detachment.

I am heartbroken for the pain my invention has caused to all of you.

1/ I’ve spent the last few days on the phone calling Terra community members – builders, community members, employees, friends and family, that have been devastated by UST depegging.

I am heartbroken about the pain my invention has brought on all of you.

— Do Kwon 🌕 (@stablekwon) May 13, 2022

I still believe that a decentralized economy should have a decentralized currency, but apparently, UST in its current form will not be that decentralized currency.

Neither I nor any institution I am associated with profited in any way from this incident, and I did not sell LUNA and UST during the crisis.

We are currently working on documenting the usage of the LFG Bitcoin reserve during the detachment event. Please bear with us as the team is handling multiple tasks simultaneously.

There are several best suggestions on the governance forum Agora for moving the community forward. After reviewing many proposals, I have written down the best proposal idea I think:

See: LFG 70,000 Bitcoins disposal unaccounted for, founder Do Kwon proposes Terra ecosystem reconstruction plan: Forked chain, wealth redistribution

What we need to maintain now is a community of value-creating developers for Terra's blockchain space. I believe our community will reach a consensus on the best path forward for the future and find a way to rise again.