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Do Hyeong "Do" Kwon

Do Hyeong "Do" Kwon

Co-founder and former CEO, Terraform Labs

Appears in 1 story

Notable Quotes

"I alone am responsible for everyone’s pain." — Kwon in a letter to the sentencing judge

"I made false and misleading statements about why [TerraUSD] regained its peg." — Kwon in his guilty plea

Stories

Do Kwon’s fall: from algorithmic stablecoin visionary to 15-year inmate

Rule Changes

Serving a 15-year U.S. federal sentence; still facing charges in South Korea.

Do Kwon sold TerraUSD as math-made money that could never break. In 2022 it snapped, vaporizing more than $40 billion and triggering a global hunt for the Stanford‑trained founder. Three years, an Interpol red notice, and a Montenegro arrest later, a New York judge has now handed him 15 years in federal prison.

Updated 5 days ago