Luna Foundation Guard

Keyword reference — entries that mention this term in body prose.

Defined in: Terra/Luna: No Collateral, a Death Spiral, and $40 Billion in Six Days

1 entries reference this keyword in body prose.

Event May 9, 2022 Added September 8, 2026 Updated September 14, 2026 Biography

Do Kwon (1991–) — Terraform Labs co-founder sentenced to 15 years for a $40 billion fraud

Do Kwon co-founded Terraform Labs and built TerraUSD, an algorithmic stablecoin that collapsed in May 2022, destroying roughly $40 billion. He pleaded guilty to fraud, sentenced to 15 years in 2025.