4.8 • 689 Ratings
🗓️ 14 February 2023
⏱️ 4 minutes
🧾️ Download transcript
Welcome to “Crypto Crooks” Season 2: ”Lunacy: The Rise and Fall of Do Kwon."
"Crypto Crooks" is sponsored by Chainalysis.
Crypto's biggest names thought Do Kwon and his algorithmic stablecoin would take them to the promised land. But then terraUSD slipped from its dollar peg by just one cent. Everything unraveled. $60 billion, vaporized. Life savings, obliterated. A wave of suicides across the globe. And that was just the beginning.
You know the name. You know the memes. But do you know the real story? Welcome to “Crypto Crooks” Season 2: ”Lunacy: The Rise and Fall of Do Kwon”, launching Tuesday, Feb. 28 at 5 a.m. ET. Follow and subscribe to “Crypto Crooks” wherever you listen to podcasts.
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Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
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“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.
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0:51.9 | $60 billion, vaporized, life savings obliterated, hundreds of thousands of victims worldwide, |
1:02.2 | and soon, crypto's favorite bad boy on the run from international law enforcement. |
1:10.6 | Doe Kwan was the perfect founder, |
1:14.4 | a Stanford degree, |
1:16.3 | a bombastic personality, |
1:18.7 | and an idea that couldn't be ignored, |
1:22.9 | printing U.S. dollars from thin air. |
1:29.5 | Crypto's biggest names thought Doe Kwan would take them to the promised land. |
1:36.3 | Three Arrow's Capital, Coinbase Ventures, Mike Novagrats. |
1:41.4 | You know, I met Doe, I don't know, three, four years ago. |
1:44.3 | He is a brilliant young man. |
1:47.6 | And he had this idea of an algorithm of stable coin, digital money for a digitally |
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