Terraform Labs Founder Pleads Guilty To US$40 Billion Crypto Fraud
Do Kwon, one of the co-founders of Singapore-based Terraform Labs that developed the “stablecoins” TerraUSD and Luna, has pleaded guilty to two charges regarding cryptocurrency fraud. Charged in a US court, the charges specifically relate to defrauding and wire fraud. Kwon is accused of misleading his investors about TerraUSD. In 2021, he said that the
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