Do Kwon

Kwon Do-hyung ( ; born 6 September 1991), commonly known as Do Kwon, is a South Korean convicted felon, 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. 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. On 23 March 2023, he 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. He was extradited to the United States, where he pleaded guilty to two counts of fraud. He was sentenced to 15 years in prison in December 2025.

Kwon Do-hyung ( ; born 6 September 1991), commonly known as Do Kwon, is a South Korean convicted felon, 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. 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. On 23 March 2023, he 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. He was extradited to the United States, where he pleaded guilty to two counts of fraud. He was sentenced to 15 years in prison in December 2025. ===Other allegations=== According to the South Korean special prosecution office, Kwon was found to have withdrawn approximately $35 million worth of cash even after having been arrested in Montenegro. In June 2023, documents and data on Kwon's confiscated laptop, including a letter by Kwon himself, were revealed to contain information showing that he allegedly backed Milojko Spajić, the former minister of finance and social welfare in the Government of Montenegro and the current Montenegrin prime ministerial candidate of the opposition party, Europe Now (PES), with funds for the upcoming election. Kwon and his lawyers later denied the allegations. ==Personal life== Announcing her birth in April 2022 on social media, Kwon named his daughter Luna, writing: "My dearest creation named after my greatest invention." On 12 May 2022, an individual investor, who claimed to have lost approximately $2 million, allegedly trespassed into Kwon's high-rise condominium building to demand an apology. As a result, Kwon's wife filed and requested emergency police protection, and South Korean police began investigating the incident. In October 2022, during an interview with Unchained Podcast, Kwon was asked about the invalidation of his South Korean passport by the South Korean government, to which he responded: "Oh, I'm not using it anyway, so it doesn't, I can't see how that makes a difference to me." When asked if he had another passport, Kwon said he wasn't comfortable answering questions related to that or his travel plans. In 2023, Kwon said that he held a legitimate passport from Costa Rica. ==Recognition== 2019: Named in Forbes 30 Under 30 – Asia – Finance & Venture Capital ==References==

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