TerraformCollapse
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1. Do Kwon Pleads Guilty in $40 Billion Terraform Collapse
Summary:
Do Kwon, the founder of Terraform Labs behind the TerraUSD and Luna debacle, has formally pleaded guilty in a U.S. federal court to charges of fraud, including commodities, securities, and wire fraud associated with the collapse that wiped out $40 billion in value. As part of his plea deal, Kwon faces up to 12 years in prison, must forfeit over $19 million in assets, and will relinquish all holdings in Terraform Labsโsentencing is scheduled for December 11, 2025.
#DoKwon #TerraformCollapse #CryptoFraud #TerraUSD #CryptoJustice $BTC $ETH $XRP
Summary:
Do Kwon, the founder of Terraform Labs behind the TerraUSD and Luna debacle, has formally pleaded guilty in a U.S. federal court to charges of fraud, including commodities, securities, and wire fraud associated with the collapse that wiped out $40 billion in value. As part of his plea deal, Kwon faces up to 12 years in prison, must forfeit over $19 million in assets, and will relinquish all holdings in Terraform Labsโsentencing is scheduled for December 11, 2025.
#DoKwon #TerraformCollapse #CryptoFraud #TerraUSD #CryptoJustice $BTC $ETH $XRP
Crypto Alert: Do Kwon's Legal Battle Unfolds!
Do Kwon's Legal Battle Unfolds!
Global Impact: U.S. prosecutors estimate up to 1 million victims worldwide from Terraform Labs' collapse.Fraud Charges: Do Kwon faces 9 felony fraud charges in NYC court.Victim Support: A public website will notify victims, ensuring transparency under the Justice for All Act.Extradition & Plea: Kwon, extradited from Montenegro, has pleaded not guilty.SEC Action: The SEC demands $4.5 billion in penalties in a civil case.
๐ฌ What are your thoughts on the aftermath of Terraform's downfall? Could this reshape crypto regulations? Letโs discuss below! ๐
#CryptoNewss #DoKwon #TerraformCollapse
Global Impact: U.S. prosecutors estimate up to 1 million victims worldwide from Terraform Labs' collapse.Fraud Charges: Do Kwon faces 9 felony fraud charges in NYC court.Victim Support: A public website will notify victims, ensuring transparency under the Justice for All Act.Extradition & Plea: Kwon, extradited from Montenegro, has pleaded not guilty.SEC Action: The SEC demands $4.5 billion in penalties in a civil case.
๐ฌ What are your thoughts on the aftermath of Terraform's downfall? Could this reshape crypto regulations? Letโs discuss below! ๐
#CryptoNewss #DoKwon #TerraformCollapse
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