Nassim Taleb said that if Do Kwon had been jailed, the new LUNA 2.0 would never have come to fruition, thus stating that investors would have been spared "with the same obvious ponzi scheme".

Nassim Taleb, who is also the author of "The Black Swan," has argued that obvious pyramids like Terra are more dangerous than non-obvious Bernie Madoff-style pyramids.

Madoff, a former Nasdaq chairman, secretly ran a pyramid scheme that defrauded its victims of billions of dollars for nearly 17 years. Madoff was sentenced to 150 years in prison after pleading guilty to 11 felony charges in 2009. Madoff died in prison last year at the age of 82.

Kwon is also facing some legal issues. Last week, South Korean television channel JTBC reported that local prosecutors had launched an investigation into the Terra disaster.

Do Kwon Terra

The new LUNA token had lost more than 70% from its opening price after Do Kwon announced that it was trading on exchanges. However, the coin, which gives revival signals today, is trading around $ 8.6 at the time of writing, with its 45% rise in the last 24 hours.

Taleb claims that Kwon is waiting for a Bitcoin rally to pump the price of LUNA. The Lebanese-American analyst, who previously had a measured optimism about Bitcoin, seems to have recently turned this view completely into BTC hostility. Publishing a document last year, Taleb drew intense reaction from the crypto community, claiming that the value of the world's largest crypto currency was zero.

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Research: “Over 65% of crypto investors invest by borrowing”

A new study by KIS Finance, a UK-based loan financing company, shows that over 65 percent of crypto-asset investors use loans to finance their investments. This reveals that investors are borrowing to invest in digital assets instead of using some of their income or savings.