Learn English: Crypto Leader Pleads Guilty to Massive Fraud (hard)

5 days, 16 hours ago

Crypto Leader Pleads Guilty to Massive Fraud

Do Kwon, a prominent cryptocurrency entrepreneur, admitted guilt to fraud charges in a New York court.

His actions led to a staggering $40 billion market collapse, impacting numerous investors worldwide.

Kwon's fraudulent activities involved misleading investors about the stability of his cryptocurrency.

Facing a potential 25-year prison sentence, he now awaits sentencing in December of this year.

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Source

Original: The Guardian (Business)

Tags

#Do Kwon #Cryptocurrency Fraud #TerraUSD #Market Crash #Financial Crime

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