Fraud

Do Kwon, the South Korean crypto entrepreneur behind Terraform Labs, has pleaded guilty to fraud charges linked to the $40 billion collapse of TerraUSD and Luna. He faces up to 12 years in prison and significant asset forfeiture, marking a major moment in crypto fraud accountability.

Do Kwon, the creator of TerraUSD and Luna, pleaded guilty to fraud charges related to the $40 billion crypto collapse. He admitted misleading investors and faces up to 12 years in prison under a plea deal. The case highlights ongoing risks in cryptocurrency markets and the importance of transparency.

Do Kwon, founder of Terraform Labs, admitted guilt to multiple fraud charges linked to the $40 billion TerraUSD crash, facing up to 25 years in prison. This event triggered the 2022 crypto winter and broader market turmoil. Learn more about the impact and crypto safety tips from Bitlet.app.

Do Kwon, founder of Terraform Labs, admits guilt in major U.S. charges linked to the 2022 TerraUSD and Luna crypto crash, facing conspiracy and fraud allegations.

The fallout from the 2024 Dough Finance hack serves as a stark reminder of the risks associated with decentralized finance. With investors like Jonathan Lopez losing millions to security failures and the alleged fraudulent actions of its founders, the implications are profound. As crypto continues to evolve, so do the challenges of security and ethical involvement from public figures.

Alex Mashinsky, the founder of the Celsius Network, has been sentenced to 12 years in prison for defrauding customers and manipulating the value of CEL tokens. His actions, which siphoned over $48 million from investors, come to light as regulatory scrutiny in the crypto space intensifies.

Alexander Mashinsky, the former CEO of Celsius Network, has been sentenced to 12 years in prison for defrauding customers by misrepresenting the safety of their funds, resulting in significant losses. The case highlights the importance of transparency in the cryptocurrency space.

Alexander Mashinsky, the former CEO of Celsius Network, has been sentenced to 12 years in prison for defrauding customers, highlighting the significant risks in the crypto lending space.