Do Kwon, co-founder of Terraform Labs, pleaded guilty to two U.S. criminal charges over the collapse of TerraUSD and Luna, back in mid-2022. This collapse led to a massive $40 billion erosion of investors’ wealth, leading to a crypto market downturn back then. As per the hearing details, Kwon is likely ot face a penalty

The post Terra’s Do Kwon to Face 25 Year Sentence For Fraud In $40B LUNA Collapse appeared first on CoinGape.

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