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-0.22%$0.0003
24H
0.74%$0.0011
7D
-6.01%$0.0098
30D
-13.0%$0.0229
Terraform Labs co-founder Do Kwon admitted guilt on fraud and conspiracy charges related to the 2022 TerraUSD collapse that cost investors $45 billion.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
The Government estimates that the number of victims of Kwon’s actions exceeds hundreds of thousands and potentially totals more than one million.
Prosecutors allege that Kwon orchestrated a multibillion-dollar fraud that left investors reeling.
Montenegro’s Justice Minister has approved the extradition of Do Kwon to the United States, marking a significant step in holding the Terraform Labs founder accountable for his crimes.
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