A South Korean former tech executive accused of helping to spark a cryptocurrency crisis that cost investors more than $40bn (£31.8bn) has pleaded guilty to two criminal counts of fraud. Do Kwon was the boss of Singapore-based Terraform Labs, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, triggering a wider sell-off in the …
Read More »Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse Reuters Terra co-founder Do Kwon pleads guilty to two charges Axios Crypto mogul Do Kwon pleads guilty to fraud for $40bn market collapse The Guardian Do Kwon May Plead Guilty in US Case Over $40 Billion Terraform Collapse Bloomberg.com Crypto Entrepreneur Who Caused 2022 Market Crash Pleads Guilty to Fraud The New …
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Terraform Labs co-founder Do Kwon has pleaded guilty to conspiracy and wire fraud three years after his collapsed cryptocurrency firm wiped out $40 billion in funds, according to a report from Bloomberg. Kwon entered his plea in a New York court on Tuesday as part of a deal reached with prosecutors that reduced his charges. Inner City Press, which reports …
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