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Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin

The most valuable crypto stories for Wednesday, May 11, 2022.

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On today’s episode of “The Hash,” our panel of experts tackles the hot topics of the day. UST and Luna continue to be in turmoil, and now ex-Terra colleagues are saying that Terraform Labs CEO Do Kwon was also behind another algorithmic stablecoin that struggled. Coinbase (COIN) shares are sinking after its first-quarter earnings report and outlook. We’ll have all the latest on these stories and more.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”