Learn English: Crypto Crash: Do Kwon's Guilty Plea (normal)

5 days, 16 hours ago

Crypto Crash: Do Kwon's Guilty Plea

Do Kwon, the creator of a cryptocurrency called TerraUSD, has admitted to lying to investors.

His lies caused a massive $40 billion cryptocurrency market crash, devastating many people financially.

He was accused of manipulating the value of his cryptocurrency using deceptive tactics and tricks.

Facing serious consequences for his actions, Kwon could spend up to 25 years in prison for his crimes.

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Source

Original: The Guardian (Business)

Tags

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

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