How Do Kwon Possibly Obtain $2.7B From Terra Network!

Do Kwon, the CEO of Terraform Labs, reportedly cashed out around $2.7 billion from the Terra Network before the catastrophe. FatMan Terra made this claim in a series of tweets on Saturday. FatMan states that Kwon was able to succeed thanks to Degenbox, a lending system that allows users to loop stablecoin purchases. He added that this method quickly depleted the yield reserve since it was adopted by a large number of Terra influencers, including thousands of retail customers who sought to enjoy the high yields. FatMan further alleged that $558 million was transferred to KuCoin, $1.08 billion was transferred to Binance, and $545m to Huobi.