Terraform Co-Founder Do Kwon Pleads Guilty to Fraud in $40 Billion Crypto Collapse

1 min read
Source: The Verge
Terraform Co-Founder Do Kwon Pleads Guilty to Fraud in $40 Billion Crypto Collapse
Photo: The Verge
TL;DR Summary

Terraform co-founder Do Kwon pleaded guilty to conspiracy and wire fraud in connection with the $40 billion collapse of his cryptocurrency firm, Terra, after being extradited to the US. His plea was part of a deal that reduced charges, and his sentencing is scheduled for December 11th.

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