Who is do Kwon Do-hyung?

Kwon Do-hyung ( Korean : 권도형 ), more commonly known as Do Kwon, is a South Korean cryptocurrency developer who co-founded and is CEO of Singapore -based Terraform Labs. Terraform Labs is the unlicensed company behind the Terra blockchain, which features the stablecoin TerraUSD (UST) and network token Terra (LUNA).

Is do Kwon's stablecoin a Ponzi scheme?

Do Kwon, co-founder and CEO of Terraform Labs. Do Kwon is counting on the oldest cryptocurrency as a backstop for his stablecoin, which some critics liken to a ginormous Ponzi scheme.

When did Kwon dissolve its Korean subsidiary?

According to documents filed by Kwon at the Supreme Court of Korea's Registry Office, Kwon filed to dissolve the company's Korean entity on 30 April 2022, and was granted approval on 4 May 2022.