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Do Kwon

In this Korean name, the family name is Kwon.
Do Kwon
Kwon in 2022
Born
Kwon Do-hyung

(1991-09-06) 6 September 1991 (age 32)
Seoul, South Korea
EducationDaewon Foreign Language High School
Alma materStanford University
OccupationCryptocurrency developer
Known forTerra[1]
Korean name
Hangul
Hanja
權渡衡
Revised RomanizationGwon Do-hyeong
McCune–ReischauerKwŏn Tohyŏng

Kwon Do-Hyung[2] (Korean: 권도형; born September 6, 1991), more commonly known as Do Kwon, is a South Korean former businessman and software engineer. He was the co-founder and CEO of Terraform Labs, the parent company of crashed stablecoin TerraUSD and cryptocurrency Luna.[3] TerraUSD and Luna collapsed in May 2022, wiping out almost $45 billion market capitalization in one week and causing hundreds of billions in losses in the larger crypto market.[4][3][5] Kwon faces legal and social pressure regarding his role in the Terra crash.[6][7] Citizens from various jurisdictions — including South Korea, Singapore, and the United States — are taking legal action against Kwon.[4][8][9][10] On 23 March 2023, Kwon was arrested in Montenegro, while attempting to travel to Dubai using falsified documents. Following his arrest, he was charged by a US federal grand jury of eight counts, including securities fraud, commodities fraud, wire fraud, and conspiracy.

  1. ^ "Terra stablecoin crash casts spotlight on ecosystem". Emerald Expert Briefings. oxan–es (oxan–es). 1 January 2022. doi:10.1108/OXAN-ES270251. Archived from the original on 30 October 2023. Retrieved 13 July 2022.
  2. ^ "Is Terra-Luna's collapse prelude to end of cryptocurrency?". The Korea Times. 13 May 2022. Archived from the original on 16 June 2022. Retrieved 13 May 2022.
  3. ^ a b "Their cryptocurrencies crashed the market. Now they're back at it". Washington Post. ISSN 0190-8286. Archived from the original on 10 March 2023. Retrieved 3 November 2022.
  4. ^ a b "The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra's Fall". Time. Archived from the original on 2 March 2023. Retrieved 3 November 2022.
  5. ^ Miller, Hannah (13 May 2022). "Terra $45 Billion Face Plant Creates Crowd of Crypto Losers". www.bloomberg.com. Archived from the original on 16 May 2022. Retrieved 4 November 2022.
  6. ^ "Terra Co-Founder Do Kwon Faces $57M Class-Action Lawsuit in Singapore". sports.yahoo.com. Archived from the original on 10 November 2022. Retrieved 3 November 2022.
  7. ^ Hooyeon, Kim; Sangmi, Cha (15 September 2022). "Terra Founder Kwon Under More Pressure From Crypto Collapse. On March 23 2023, Do Kwon was arrested at a Montenegro Airport". Bloomberg. Archived from the original on 3 November 2022. Retrieved 2 November 2022.
  8. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference CBart220518 was invoked but never defined (see the help page).
  10. ^ Cite error: The named reference JAIart220518 was invoked but never defined (see the help page).

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