Terra interim CEO says any 'little progress' made gets derailed by accusations
Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces with the purpose of separating the operations of Terraform Labs from Do Kwon’s personal affairs.
Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations against Do Kwon, according to Terra’s new interim CEO Chris Amani.
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During a July 20 Twitter Spaces, titled A Terra Community Talk, Amani joined several Terra employees to discuss the challenges ahead for Terra moving forward. This took place shortly after Amani was appointed as Terra’s new CEO, while the former CEO, Do Kwon, continues to battle legal issues.
He noted that the frequent allegations against Do Kwon, who is currently in a jail cell in Montenegro and facing possible extradition to South Korea or the United States, has shattered any momentum that Terra has been building recently.
Cointelegraph reported on June 19 that Kwon was found guilty of attempting to leave Montenegro using a false Costa Rican passport. He was sentenced to four months in prison despite reportedly telling the court that he wasn’t aware the passport was allegedly forged.
Amani commented on Kwon's situation saying it is "incredibly hard" to watch what he is going through right now, expressing his hope that Kwon's name will be cleared so he can "come back and participate" as soon as possible.
In regard to Terra's current developments, Amani revealed there are “maybe 9” different projects at various levels of development to be released over the coming months. He declared that no new tokens will be launched with any of these new developments, as it will be focusing on “driving utility” back to its native token, Luna
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