Do Kwon pleaded guilty to crypto fraud

ilpost.it (Italian)

Do Kwon, founder of the collapsed cryptocurrency TerraUSD, pleaded guilty to fraud in a New York court. Kwon defrauded investors by falsely claiming TerraUSD's stability was algorithmic, when it was secretly propped up by another entity. The collapse caused billions in losses. He agreed to a plea deal, paying $19.3 million and facing up to 12 years in prison, a significant reduction from potential charges. Sentencing is scheduled for December 11.


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Do Kwon pleaded guilty to crypto fraud | News Minimalist