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Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it
Manage episode 350928004 series 3330746
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Who is Do Kwon and where is he?
Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English.
Avid listeners of this podacast will notice: We really like to keep you up-to-date on things and often follow up on a previous feature. Today is no different, because we are looking into the whereabouts of Do Kwon.
If the name means nothing to you: You are not alone. What you will remember though is the collapse of TerraUSD, the not-so-stable stablecoin that wiped out at least $62bn dollars. Do Kwon is the founder of Terra. If you haven't listened to those episodes, they are quite popular - go back all the way to 167, we promise it's worth it.
But back to Do Kwon: He was born in South Korea, and later got his computer science degree from the prestigious Stanford University. After short stints at Microsoft and Apple, he went on to found Terra Labs in 2018. They launched TerraUSD in 2020.
Fast forward to now: Terra Labs has been under investigation by numerous government agencies, from anything like false advertising to investment fraud. And many individuals felt the same and started suing Do Kwon - who disappeared quickly.
To this day, he remains unfindable, despite claiming that he is not on the run. Dubai, Serbia, new locations pop up all the time. By now, he is wanted in his home of South Korea, and even Interpol has a red notice out on him.
We'll see how it plays out - but eventually he'll be found and will have to answer to the authorities. But it might be a while, because he's sitting on tens of millions of dollars in crypto.
As always, we'll keep you in the loop.
This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, design is done by Carmen Rincon, and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.
Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.
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