The founder of Luna coin is Do Kwon.
Do Kwon was born in South Korea in 1991. He received a bachelor's degree in computer science from Stanford University in 2015, and then worked briefly as a software engineer for Microsoft and Apple. In 2018, he established Terra, a public chain ecosystem around stablecoins, and issued a variety of stablecoins anchored to fiat currencies on this chain, including UST anchored to the US dollar and KRT anchored to the Korean won. Luna coin is the native token of the Terra blockchain platform.
In 2022, the price of Luna coin plummeted and almost cleared, causing huge losses to investors. On September 14, 2022, a South Korean court issued an arrest warrant for Do Kwon. In March 2023, Do Kwon was arrested in Montenegro. On April 5, 2024, local time, a US jury ruled that Do Kwon and his company Terraform Labs were responsible for securities fraud. On January 6, 2025, it was reported that Kwon Do-hyung was extradited from Montenegro to the United States and faced multiple federal charges with a maximum sentence of up to 130 years in prison.