TerraUSD

Do Kwon, known as the cryptocurrency king, admitted guilt in a Manhattan federal court for fraud related to the $40 billion Terraform Labs collapse, impacting global investors.

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.

Do Kwon, co-founder of Terraform Labs, is set to plead guilty to U.S. fraud charges tied to the 2022 collapse of TerraUSD and Luna, which led to $40 billion in losses. The hearing will take place in Manhattan federal court.