Do Kwon

Kwon Do-hyung is a Korean cryptocurrency developer who co-founded and is CEO of Singapore-based Terraform Labs, the unlicensed company behind stablecoin TerraUSD (UST) and network token Terra (LUNA), which both collapsed in May 2022, wiping out almost $45 billion of market capitalization. Due to the magnitude and controversy regarding his startup company’s downfall, Do Kwon has been likened by journalists to Elizabeth Holmes of Theranos, especially in his native country South Korea.


Kwon Do-hyung is a Korean cryptocurrency developer who co-founded and is CEO of Singapore-based Terraform Labs, the unlicensed company behind stablecoin TerraUSD (UST) and network token Terra (LUNA), which both collapsed in May 2022, wiping out almost $45 billion of market capitalization. Due to the magnitude and controversy regarding his startup company’s downfall, Do Kwon has been likened by journalists to Elizabeth Holmes of Theranos, especially in his native country South Korea.
Read article on Wikipedia