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.
A chilling incident highlights the dangers of cryptocurrency wealth as two investors face charges of kidnapping an Italian man for his Bitcoin fortune. With crypto thefts soaring, this case underscores the need for vigilance in the digital currency space.