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Do Kwon’s Downfall: TerraForm Labs Founder Pleads Guilty to Fraud, Could Serve 25 Years
Do Kwon’s Downfall: TerraForm Labs Founder Pleads Guilty to Fraud, Could Serve 25 Years
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TerraForm Labs' co-founder Do Kwon—once crypto's golden boy—just folded like a cheap suit in court. Fraud charges? Guilty as charged. Now he's staring down a quarter-century behind bars.
From algorithmic stablecoins to orange jumpsuits
The man who promised decentralized financial utopia got decentralized from his own freedom. The $40B Terra-LUNA collapse wasn't just market volatility—it was allegedly criminal. Prosecutors claim Kwon knew the stablecoin was anything but.
Lesson for crypto bros: When your 'innovation' burns retail investors to the ground, the SEC comes knocking with handcuffs instead of term sheets. Maybe try building something that doesn't require a plea deal next time?
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