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Do Kwon, mastermind behind the now-defunct Terra project, has changed his plea from not guilty to guilty on two charges in the United States' case against him.
Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme
Do Kwon, the South Korean founder of Terraform Labs, has pleaded guilty in the United States to two counts of fraud tied to the $40 billion collapse of TerraUSD and Luna, according to court proceeding
Terraform Labs co-founder Do Kwon admitted guilt on fraud and conspiracy charges related to the 2022 TerraUSD collapse that cost investors $45 billion.
Do Kwon stood in federal court wearing an orange jumpsuit, a far cry from his days as the brash founder of Terraform Labs.
Do Kwon, co-founder of Terraform Labs, has admitted to committing two crimes in the United States.
Terraform Labs founder Do Kwon has pleaded guilty to conspiracy to commit fraud and wire fraud, nearly three years after the $60 billion implosion of the Terra/Luna (CRYPTO: LUNC) stablecoin ecosystem
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Terraform Labs founder Do Kwon's guilty plea brings to an end one of the biggest lawsuits in crypto.
NEW YORK — Terraform Labs founder Do Kwon pleaded guilty to conspiracy to commit fraud and wire fraud Tuesday morning, three years after the dramatic collapse of the Terra/Luna stablecoin ecosystem.
The guilty plea highlights the urgent need for stricter regulations and oversight in the rapidly evolving cryptocurrency market. The post Do Kwon pleads guilty to defrauding crypto investors in $40 bi
Terraform Labs co-founder Do Kwon plans to plead guilty to U.S. conspiracy and wire fraud charges tied to the $40 billion collapse of his cryptocurrency projects, a judge confirmed Tuesday.
Kwon was criminally charged in March 2023 with conspiracy to defraud, commodities fraud, wire fraud, and securities fraud, among others.
The Terraform Labs co-founder was indicted in 2023 on nine charges related to the collapse of the ecosystem, resulting in an estimated $40 billion in losses for investors.
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