Do Kwon is the CEO of Terraform Labs. Kwon is based in Singapore. Kwon has held the role since 2018.
Kwon Do-hyung, 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.
Recent developments
AI summary of recent coverageRecent coverage has focused on Do Kwon's sentencing and legal proceedings related to the collapse of Terraform Labs and the $40 billion Terra ecosystem. Do Kwon was sentenced to 15 years in prison in December 2025 for fraud connected to the cryptocurrency scheme, with prosecutors having argued for a 12-year sentence while the defense later sought leniency with a five-year request. Additional reporting has covered a Singapore court finding Terraform Labs and Do Kwon liable for fraud, as well as scrutiny surrounding the role of other entities in the platform's failure.
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Do Kwon: FAQ
- Who is Do Kwon?
- Do Kwon is the Co-Founder & Former CEO of Terraform Labs, based in Singapore.
- What company does Do Kwon lead?
- Do Kwon is CEO of Terraform Labs, a role held since 2018.