Do Kwon Pleads Guilty to US Fraud Charges in $40 Billion Crypto Collapse
TL;DR Summary
Do Kwon, the South Korean crypto entrepreneur behind the collapse of TerraUSD and Luna, pleaded guilty to conspiracy to defraud and wire fraud in the US, facing up to 25 years in prison for misleading investors and artificially inflating the value of his digital currencies, which resulted in an estimated $40 billion loss in 2022.
- 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
- Terraform co-founder Do Kwon pleads guilty to two fraud charges in years long US case: reports The Block
- Crypto Entrepreneur Who Caused 2022 Market Crash Pleads Guilty to Fraud The New York Times
- Crypto founder Do Kwon pleads guilty to US fraud charges Financial Times
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