Did Hacktivist Group Anonymous Target Terra’s Do Kwon? Or Is It An Affinity Scam?

A new Anonymous video surfaced and it points its finger at the infamous Do Kwon. The Terra/ UST/ LUNA collapse is the gift that keeps on giving, the story just refuses to die. And, as it usually happens with everything Terra-related, things might not be as it seems. Anyone can be Anonymous, it’s a decentralized and open hacktivist group. That being said, the organization might not be behind the Do Kwon video. This video might be part of a marketing campaign.

https://www.youtube.com/watch?v=RB4rK9eB2oE

Arguably, the Terra situation was the catalyst for 2022’s bear market. Thousands of people from all over the world went bankrupt because of it and Do Kwon’s activities around that time seem suspicious, to say the least. An investigation is in order, and Anonymous vague threats feel menacing at first:

Related Reading | Terra Loses More Form: Do Kwon Faces Tax Evasion Charges; Law Firm Sues To Seize Properties

“Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light. There is no doubt that there are many more crimes to be discovered in your trail of destruction.”

At a second look, though, the threats feel empty. They’re going to perform a background check on Do Know and not much else. Which doesn’t mean the hacktivists won’t find anything. They very well might. “Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible,” the video says.

UST price chart on Coinbase | Source: UST/USD on TradingView.com

Is This About Do Kwon Or About AnonToken?

The YouTube comment section is generally positive. “For a better society we need Anonymous,” writes a pseudonymous user. “Very sad to see the greed of the man, thank you Anonymous the only one who remembered the retailers!,” another. “I hope Anonymous can help the crypto space and put another level of fear into those who greedily steal from others,” yet another one. However, there’s something suspicious in the video’s information box.

It very prominently promotes a cryptocurrency, “Anonymous Steps into DeFi Ecosystem with AnonToken.” Since the original hacktivist group is a decentralized organization, in theory, everyone can join and pose operations. However, a token is a for-profit endeavor. Any entity could have created a video with an Anonymous aesthetic to use Do Kwon’s dislikeability as a marketing tool to generate headlines.

Related Reading | Terra’s Do Kwon May Face Charges In The U.S. As Money Laundering Accusations Emerge

A classic Twitter page commonly associated with Anonymous recently tweeted: 

“We do not police or endorse – any – Anonymous Hacktivist Collective Coin ( $AHCC™ ) at this time. We are not on Facebook or TikToc .. Nor GAB, Spotify or Youtube ( particularly not the fake ‘ verified ‘ scamcoin one )”

To exploit Anonymous decentralized nature by creating a product that can turn the organization’s reputation into cryptocurrencies is genius and scary. The AHCC might just be a sleazy token on the Binance Smart Chain, but its implications are tremendous as a scam tool. If someone is using the outrage Do Kwon and Anonymous produce, plus the guaranteed headlines that the Terra story generates to sell a coin, we might be watching history in the making.

Featured Image: Anonymous screenshoot from the video | Charts by TradingView