I'm not saying that what happened in their past project will be the same in their current one but it happened already so there are doubts to the investors and thinking that "What if it will happen again?" etc. After all whether it is LUNA, LUNC or any project under Do Kwon, I will not invest into it.
Any project related to Do Kown will be a red flag as many investors are already frustrated with Luna coin investment, Do Kwon cannot prove the recovery of the new Luna coin price and in the future he may go into hiding if investors losses cannot be recovered until the end of this year.