🚀 Terraform Labs Co-Founder Admits to Fraud Charges in New York Court
#TerraformLabs #DoKwon #Fraud #Cryptocurrency #TerraUSD #LUNA #NewYork #Court #Guilty #Justice
According to Foresight News, South Korean cryptocurrency entrepreneur Do Kwon admitted to two counts of fraud in a New York federal court on Tuesday. The 33-year-old co-founder of Terraform Labs was involved in the development of TerraUSD and LUNA tokens, which collapsed in 2022, resulting in approximately $40 billion in losses. During a hearing overseen by U.S. District Judge Paul Engelmayer in the Southern District of New York, Kwon pleaded guilty to charges of conspiracy to commit fraud and wire fraud.#TerraformLabs #DoKwon #Fraud #Cryptocurrency #TerraUSD #LUNA #NewYork #Court #Guilty #Justice