CoinDesk Podcast Network

Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin

The most valuable crypto stories for Wednesday, May 11, 2022.

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On today’s episode of “The Hash,” our panel of experts tackles the hot topics of the day. UST and Luna continue to be in turmoil, and now ex-Terra colleagues are saying that Terraform Labs CEO Do Kwon was also behind another algorithmic stablecoin that struggled. Coinbase (COIN) shares are sinking after its first-quarter earnings report and outlook. We’ll have all the latest on these stories and more.

See also:

UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say

Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution


Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

HOSTS

William Foxley

Will Foxley is the host of The Mining Pod and publisher at Blockspace Media. A former co-host of CoinDesk's The Hash, Will was the director of content at Compass Mining and a tech reporter at CoinDesk.

William Foxley
Zack Seward

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.

Zack Seward
Jennifer Sanasie

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.

Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.

She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under $1,000.

Jennifer Sanasie
Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin