Do Kwon

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Kwon Do-hyung (Korean: 권도형; 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.