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Fortune
Fortune
Marco Quiroz-Gutierrez

'A vision for how we can salvage this': Terraform Labs interim CEO says a new stablecoin isn't part of the plan to clean up Do Kwon's mess

(Credit: Filip Filipovic—Getty Images)

While former Terraform Labs CEO Do Kwon sits in a Montenegrin jail and awaits word on a possible extradition, someone else will be running the company he cofounded.

Chris Amani, who previously served in a dual role as the company’s chief operating officer and chief financial officer, has taken over as CEO in Kwon’s absence, the Wall Street Journal reported. Shortly after Kwon's arrest in March he stepped down as CEO, and in May he left his role as a company director to focus on “personal legal affairs,” according to a statement Terraform Labs gave to the Journal.

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