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Who is Do Kwon? South Korean " Crypto Genius" and Terraform Labs Founder Pleads Guilty in $40 Billion Cryptocurrency Collapse
The founder of Terraform Labs, Do Kwon, has pleaded guilty to a number of fraud charges linked with the collapse of 2022 and as result TerraUSD—and Luna. The crash wiped $40 billion off the value, sparked global market tumult,
Do Kwon Pleads Guilty to US Fraud Charges in $40 Billion Crypto Collapse
NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud.
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