Do Kwon Admits Guilt in $40B Crypto Scandal – Sentencing Looms
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The crypto world just got its biggest villain yet.
Do Kwon—once celebrated as a blockchain visionary—has pled guilty to orchestrating a $40 billion fraud scheme. The fall from grace is spectacular, the reckoning inevitable.
From ICO kingpin to orange jumpsuit.
The charges? Securities fraud, wire fraud, and enough financial sleight-of-hand to make Wall Street blush (and they’ve seen some things). Prosecutors allege Kwon’s empire was built on smoke, mirrors, and investor hope.
Sentencing could land him decades behind bars—fitting for a man who turned ‘decentralized finance’ into a personal piggy bank.
Another cautionary tale in an industry that’s still writing its rules. Or as TradFi suits might say: ‘Crypto grows up… the hard way.’
NEW YORK, Aug 12, Do Kwon, the co-founder of Terraform Labs and creator of cryptocurrencies TerraUSD and Luna, has pleaded guilty to two federal charges in the United States. The 33-year-old admitted in court to Read More
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