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.
^"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.
^"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.
^ ab"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.
^ ab"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.
^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.
^"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.
^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.
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KwonDo-Hyung (Korean: 권도형; born September 6, 1991), more commonly known as DoKwon, is a South Korean former businessman and software engineer. He was...
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Joseon Dynasty general KwonDo-Hyung (commonly known as DoKwon), South Korean co-founder and CEO of Singapore-based Terraform Labs Kwon Jeong-saeng (1937–2007)...
decision to extradite South Korean cryptocurrency mogul DoKwon to the United States on fraud charges. Kwon was arrested in March 2023 in Montenegro. UEFA Euro...
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Kwon Ah-yoon (Korean: 권아윤; born March 13, 1991), known professionally as Kwon Nara (Korean: 권나라) or Nara, is a South Korean actress, Before she transitioned...
Korean television series directed by Jo Nam-hyeong and starring Jin Goo, Ha Do-kwon, and Lee Won-keun. Based on webtoon by Team Getname, this series depicts...
offenses, such as Sam Bankman-Fried, Caroline Ellison, Martin Shkreli, and DoKwon. The 30 Under 30 list has also drawn criticism, for under-recognition of...
was one example of a seigniorage-style coin. TerraUSD (UST), created by DoKwon, was meant to maintain a 1:1 peg with the United States dollar. Instead...
the issuance of an Interpol Red Notice against the company's founder, DoKwon. In Hong Kong, the expected regulatory framework for stablecoins in 2023/24...
as Jung Jung-won's mother Yoon Mi-ra as Lady Doh Jeon Gook-hwan as Ha Do-kwon The series is the third collaboration between writer Lee Hee-myung and...
Hangout with Yoo (Korean: 놀면 뭐하니?; MR: Nolmyŏn Mwohani?; lit. How Do You Play?) is a South Korean variety show hosted by Yoo Jae-suk. Hangout with Yoo...
Immigration Office, and briefs dead souls before they enter the underworld. Ha Do-kwon as Ryuhei Kato Governor-General's Bureau of Police. He is one of the most...
as Jo Yeon-hee Jo Won-pyo's daughter who is immature and arrogant. Ha Do-kwon as Jung Eui-kyun Ahn Nae-sang as King Seonjong Woo Mi-hwa as Queen Inyeong...
DoReMi Market (Korean: 도레미 마켓), better known as Amazing Saturday (놀라운 토요일), is a South Korean television program that airs on tvN. The program airs every...
participated in market manipulation of the stable coin UST and aided and abetted DoKwon, alleging, "Jump had made over $1.28 billion in profits from selling the...
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