The developer of Anchor told Do Kwon that Anchor wasn't safe but Do Kwon overrode him and deployed it anyway. That's getting into fraud territory because he knew it was going to collapse.
> getting into fraud territory because he knew it was going to collapse
Fraud requires intent in most jurisdictions. This looks more like gross negligence (and possibly embezzlement). In addition to, likely, a host of money transmission law infractions.
Fraud requires intent in most jurisdictions. This looks more like gross negligence (and possibly embezzlement). In addition to, likely, a host of money transmission law infractions.