Wu Blockchain (@WuBlockchain): According to Reuters, Terraform Labs co-founder Do Kwon pleaded guilty in the U.S. on Tuesday to two federal charges: conspiracy to defraud and wire f…
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According to Reuters, Terraform Labs co-founder Do Kwon pleaded guilty in the U.S. on Tuesday to two federal charges: conspiracy to defraud and wire fraud. Kwon was behind the development of the cryptocurrencies TerraUSD and Luna, whose collapse led to an estimated $40 billion in losses. If convicted, he could face up to 25 years in prison. https://t.co/ApjoDsXqhA