The downfall of Do Kwon, Terraform Labs founder and crypto fugitive.

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Source: 코리아타임스
The downfall of Do Kwon, Terraform Labs founder and crypto fugitive.
Photo: 코리아타임스
TL;DR Summary

Do Kwon, the founder of Terraform Labs, has been arrested in Montenegro after being accused of fraud over the implosion of his company, which wiped out about $40 billion of investors' money. The cryptocurrency he created, Terra, was in reality a glorified Ponzi scheme, experts say. Kwon faces multiple criminal charges and extradition requests from both the US and Korea. His impressive rise and precipitous fall are now being compared to those of convicted American fraudster Elizabeth Holmes.

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