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TerraUSD creator Terraform Labs replaces Do Kwon with interim CEO who says the company will steer clear of stablecoins

Summary by Ground News

Former Terraform Labs CEO Chris Amani has taken over as CEO in Do Kwon's absence. Amani, an American, takes the reins of a company famous for the implosion of its signature product. Kwon was apprehended at the airport in Montenegro in March for trying to use a forged Costa Rican passport to travel to Dubai.

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TerraUSD creator Terraform Labs replaces Do Kwon with interim CEO who says the company will steer clear of stablecoins

The company infamously created a failed algorithmic stablecoin that destroyed tens of billions of dollars in value.

2 years ago·New York, United States

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Fortune broke the news in New York, United States 2 years ago on Wednesday, July 19, 2023.

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