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HOME/PEOPLE/DO KWON
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Do Kwon

ROLE FOUNDERAT TERRAFORM LABSMENTIONS 1LAST SEEN AUGUST 1, 2026
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Do Kwon is a South Korean former software engineer and businessman who co-founded Terraform Labs in 2018 and served as its CEO. He is best known for creating the cryptocurrencies TerraUSD (UST) and Luna, which collapsed in May 2022 and wiped out approximately $45 billion in market capitalization. In December 2025, he was sentenced to 15 years in prison after pleading guilty to fraud charges related to the collapse.

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mention·StrictlyVC·AUGUST 1, 2026

Some famous cases of tech founders being convicted of fraud over the past few years include Frank's Charlie Javice, Kalder's Gökçe Güven, Terraform Labs' Do Kwon, and GameOn's Alexander and Valerie Lau Beckman.

AI-extracted from podcast / newsletter / paper summaries. May contain errors.