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    Do Kwon droht in New York eine Verurteilung wegen seiner Beteiligung am 40-Milliarden-Dollar-Crash von TerraUSD


    Do Kwon droht in New York eine Verurteilung wegen seiner Beteiligung am 40-Milliarden-Dollar-Crash von TerraUSD

    https://www.analyticsinsight.net/news/do-kwon-faces-sentencing-in-new-york-for-his-involvement-in-the-40-billion-terrausd-crash

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    2. CriticalCobraz on

      **Summary:**

      Terraform Labs co-founder Do Kwon faces sentencing in Manhattan for fraud related to the $40 billion collapse of TerraUSD and Luna cryptocurrencies in 2022. Having pleaded guilty to multiple charges (including commodities and securities fraud) for misleading investors about TerraUSD’s stability, prosecutors are seeking a 12-year sentence, while the defense requests a maximum of 5 years. Kwon has agreed to significant financial penalties, including forfeiting over $19 million and a civil settlement with the SEC totaling more than $4.4 billion, with an $80 million personal penalty and a lifetime ban from crypto activities. The sentencing is a landmark event that will signal how US courts handle large-scale crypto fraud, as the collapse was a key catalyst for subsequent failures at companies like FTX and Celsius.

    3. coinfeeds-bot on

      tldr; Terraform Labs co-founder Do Kwon faces sentencing in Manhattan for fraud related to the 2022 collapse of TerraUSD and Luna cryptocurrencies, which lost $40 billion in market value. Prosecutors seek a 12-year sentence, while his defense requests no more than five years. Kwon pleaded guilty to multiple fraud charges, admitting to misleading investors about TerraUSD’s stability. He agreed to forfeit $19 million and reached a $4.4 billion civil settlement with the SEC. The case highlights accountability in large-scale crypto fraud.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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