{"id":19745,"date":"2025-08-13T07:37:47","date_gmt":"2025-08-13T05:37:47","guid":{"rendered":"http:\/\/costops.com\/index.php\/2025\/08\/13\/crypto-mogul-do-kwon-pleads-guilty-to-fraud-for-40bn-market-collapse\/"},"modified":"2025-08-13T07:37:47","modified_gmt":"2025-08-13T05:37:47","slug":"crypto-mogul-do-kwon-pleads-guilty-to-fraud-for-40bn-market-collapse","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2025\/08\/13\/crypto-mogul-do-kwon-pleads-guilty-to-fraud-for-40bn-market-collapse\/","title":{"rendered":"Crypto mogul Do Kwon pleads guilty to fraud for $40bn market collapse"},"content":{"rendered":"

Terraform Labs co-founder, pleading guilty to two charges, was accused of misleading investors in 2021 about TerraUSD<\/p>\n

Do Kwon, the South Korean entrepreneur behind two cryptocurrencies that lost an estimated $40bn in 2022 and caused the market to implode, pleaded guilty on Tuesday to two US charges of conspiracy to defraud and wire fraud.<\/p>\n

Kwon, 33, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, entered the plea at a federal court hearing in New York. He had pleaded not guilty in January to a nine-count indictment charging him with securities fraud, wire fraud, commodities fraud and money-laundering conspiracy.<\/p>\n

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\nTerraform Labs co-founder, pleading guilty to two charges, was accused of misleading investors in 2021 about TerraUSD
\nDo Kwon, the South Korean entrepreneur behind two cryptocurrencies that lost an estimated $40bn in 2022 and caused the market to implode, pleaded guilty on Tuesday to two US charges of conspiracy to defraud and wire fraud.
\nKwon, 33, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, entered the plea at a federal court hearing in New York. He had pleaded not guilty in January to a nine-count indictment charging him with securities fraud, wire fraud, commodities fraud and money-laundering conspiracy. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Terraform Labs co-founder, pleading guilty to two charges, was accused of misleading investors in 2021 about TerraUSD Do Kwon, the South Korean entrepreneur behind two cryptocurrencies that lost an estimated $40bn in 2022 and caused the market to implode, pleaded guilty on Tuesday to two US charges of conspiracy to defraud and wire fraud. Kwon, …<\/p>\n

Crypto mogul Do Kwon pleads guilty to fraud for $40bn market collapse<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":19746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/19745"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=19745"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/19745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/19746"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=19745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=19745"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=19745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}