Earlier this year, Do Kwon was a billionaire – but after a brutal recent crypto crash, his vast fortune has almost completely vanished.
The 30-year-old South Korean co-founder of Terraform Labs watched as his crypto empire crumbled last month in a shocking $40 billion crash.
Now, in a new interview with The Wall Street Journal, he revealed he lost almost all of his personal net worth in the wipe-out.
He told the publication late last week that estimates of his former billionaire status were likely correct, although he claimed he “never really counted” his total wealth.
However, he also confirmed he lost nearly everything last month, although he insisted that “this doesn’t bother me” because “I live a fairly frugal life”.
But while Mr Kwon is unconcerned by his own financial losses, he conceded it had been a horrific blow generally.
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