Tether CTO Says Terra Wasn't a Rug Pull, Just a Bad Design

Tether and Bitfinex CTO Paolo Ardoino said that Terra wasn't a Rug Pull, just a bad design. Speaking of the Terra ecosystem's shocking market collapse, Ardoino compared its algorithmic stablecoin, $UST, to a "castle of cards" that could fall at any moment. Many in the crypto community have highlighted a long list of questionable comments/actions from embattled Terraform Labs founder Do Kwon, questioning his actions. "It's like a castle of cards, it could fall, but of course he can't talk about it because otherwise it would fall faster. And it's clear to me, and it's clear to many people I know, that this is a bad idea."