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South Korean cryptocurrency mogul pleads guilty to fraud charges in $40B cryptocurrency collapse

South Korean cryptocurrency mogul pleads guilty to fraud charges in B cryptocurrency collapse

NEW YORK (AP) — South Korean cryptocurrency mogul Do Kwon pleaded guilty on Tuesday to two fraud charges arising from the $40 billion collapse of a cryptocurrency ecosystem that had promised investors their money was safe. Kwon, 33, dubbed by some as “the cryptocurrency king,” entered the plea in Manhattan federal court. According to a plea agreement signed by Kwon …

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