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Do Kwon

Exploring the Fallout of UST Stablecoin's Collapse
Video
Cdtv
Exploring the Fallout of UST Stablecoin’s Collapse
Kevin Zhou, Galois Capital founder and vocal critic of Terraform Labs CEO Do Kwon’s work, discusses the impact of the TerraUSD (UST) turmoil on the Terra ecosystem and the wid...
Exploring the Fallout of UST Stablecoin's Collapse
By CoinDesk Staff
May 12, 2022 at 4:07 p.m. UTC
May 12, 2022
cdtvblockchain regulationFM ClipDo Kwonterraform labsUSTTerraUSDTerra lunaKevin Zhou
(Paulo Calheiros/Unsplash)
Policy
Regulations
Regulators Should Pay Attention to UST
A stablecoin de-pegged. People lost money. It ain’t great.
(Paulo Calheiros/Unsplash)
By Nikhilesh De
May 11, 2022 at 11:01 p.m. UTC
May 11, 2022
RegulationsNewslettersState of CryptoUSTTerraLuna Foundation GuardDo KwonSEC
(koyu/iStock/Getty Images Plus)
Consensus Magazine
Luna foundation guard
The LUNA and UST Crash Explained in 5 Charts
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
(koyu/iStock/Getty Images Plus)
By Sam KesslerSage D. Young
May 11, 2022 at 10:12 p.m. UTC
May 11, 2022
Luna Foundation GuardUSTStablecoinsDo Kwon
Do Kwon, a cofounder of Terraform Labs
Markets
Do kwon
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.
Do Kwon, a cofounder of Terraform Labs
By Helene Braun
May 11, 2022 at 8:18 p.m. UTC
May 11, 2022
Do KwonTerraUSTStablecoinsMarketsDAIMarket CapMarket Capitalization
LUNA fell to as low as $7.62 during Asian trading hours. (TradingView)
Opinion
Terra
Do Kwon Is the Elizabeth Holmes of Crypto
If you promise investors something impossible, is it a crime?
LUNA fell to as low as $7.62 during Asian trading hours. (TradingView)
By David Z. Morris
May 11, 2022 at 8:17 p.m. UTC
May 11, 2022
TerraStablecoinsDo KwonOpinionThe NodeNewsletters
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Video
Cdtv
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and T...
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
By CoinDesk Staff
May 11, 2022 at 6:54 p.m. UTC
May 11, 2022
cdtvHash clipStablecoinDo Kwonterraform labsLunaalgorithmic stablecoinsTerraUSD
Do Kwon (Terraforms Labs, modified by CoinDesk)
Technology
Terra
UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
Do Kwon (Terraforms Labs, modified by CoinDesk)
By Sam KesslerDanny Nelson
May 11, 2022 at 3:15 p.m. UTC
May 11, 2022
TerraStablecoinsDo Kwon
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
Markets
Markets
Terraform Labs Gives $820M in LUNA Tokens to Luna Foundation Guard
LFG's reserves now stand at about $2.4 billion.
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
By Krisztian Sandor
Apr 14, 2022 at 5:07 p.m. UTC
Apr 14, 2022
MarketsTerraDo Kwon
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
Markets
Ust
Luna Foundation Guard Adds $100M in BTC to UST Reserves
LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
By Sam Reynolds
Apr 13, 2022 at 9:18 a.m. UTC
Apr 13, 2022
USTLunaTerraBitcoinDo Kwon
Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk screenshot)
Markets
Luna foundation guard
Luna Foundation Guard Holds Almost 40,000 BTC After Weekend Purchase
Luna Foundation Guard bought $173 million worth of bitcoin over the weekend, but bitcoin is down 2%.
Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk screenshot)
By Sam Reynolds
Apr 11, 2022 at 4:03 a.m. UTC
Apr 11, 2022
Luna Foundation GuardTerraDo Kwon