BitcoinWarrior

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Inside a Crypto Fugitive’s Luxury Life on the Lam

South Korean crypto tycoon Do Kwon is giving Sam Bankman-Fried a break from headlines this week as the Wall Street Journal profiles his elusive international escape after his company Terraform Labs went belly up last year. For a little backstory, two of Terraform Labs’ tokens, TerraUSD and Luna, crashed in May 2022, collapsing the cryptocurrency market with its loss of $40 billion. As the stablecoin TerraUSD (set at a steady rate of $1 via algorithm) devalued, an estimated 100,000 South Koreans along with investors across the globe lost their savings. Kwon told the Journal that June, “I’ve bee…