Do Kwon’s cryptocurrency Luna soared in value as he hyped its potential and rallied investors. But now it is worth close to zero after a spectacular collapse that rocked markets.
Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.
Do Kwon and the Lunar, TerraUSD crypto meltdown theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.