Do Kwon, who created the Luna and TerraUSD cryptocurrencies that collapsed in 2022, pleaded guilty to two counts of fraud, capping a spectacular fall from grace.
Category: Terraform Labs PTE Ltd
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Do Kwon, Crypto Fugitive, Led a Very Public Life While on the Run
Do Kwon, the founder of the failed crypto company Terraform Labs, is facing charges by the authorities in both South Korea and the United States.
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Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say
Mr. Kwon, the entrepreneur behind the failed TerraUSD and Luna cryptocurrencies, was headed to Dubai, Montenegro’s Interior Ministry said.
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Government Cracks Down on Crypto Industry With Flurry of Actions
State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Authorities Step Up Their Crypto Crackdown
A string of enforcement actions, the latest involving the multibillion-dollar collapse of Terraform Labs, has put the chill on a recent Bitcoin rally.