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Terra Co-Founder Lost Nearly All His Wealth in Wipeout, WSJ Says

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What's Behind the Collapse of the Terra Stablecoin?

Terraform Labs co-founder Do Kwon, whose crypto ecosystem collapsed in a $40 billion wipeout in May, told the Wall Street Journal that he lost almost all his net worth in the crash.  

“This doesn’t bother me,” he said in the interview with the Journal published Thursday. “I live a fairly frugal life.” Kwon told the newspaper he was probably a billionaire when the Luna token Terraform Labs backed was trading near $100. That coin is now trading at close to zero.