Do Kwon pleads guilty in $40 billion crypto fraud case | REUTERS
1:44
Do Kwon pleads guilty in $40 billion crypto fraud case | REUTERS
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Do Kwon — the South Korean crypto entrepreneur behind the $40 billion collapse of TerraUSD and LUNA — has pleaded guilty in a New York court to conspiracy to defraud and wire fraud. The Terraform Labs co-founder admitted to misleading investors during the 2021 crash of his so-called ‘stablecoin,’ concealing a trading firm’s secret intervention to restore its $1 peg. Prosecutors said the scheme fuelled massive investor losses and drove Luna’s value to $50 billion before its collapse in 2022. Kwon
2:40
Do Kwon — the South Korean crypto entrepreneur behind the $40 billion collapse of TerraUSD and LUNA — has pleaded guilty in a New York court to conspiracy to defraud and wire fraud. The Terraform Labs co-founder admitted to misleading investors during the 2021 crash of his so-called ‘stablecoin,’ concealing a trading firm’s secret intervention to restore its $1 peg. Prosecutors said the scheme fuelled massive investor losses and drove Luna’s value to $50 billion before its collapse in 2022. Kwon
63 views9 months ago
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Do Kwon pleads guilty in $40 billion crypto fraud case
Do Kwon pleads guilty in $40 billion crypto fraud case
9 months ago
MSN
Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse
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Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse
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