FORMER CRYPTO BOSS PLEADS GUILTY TO FRAUD CHARGES

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Do Kwon, the former tech executive accused of triggering a $40 billion cryptocurrency crisis, has pleaded guilty in a US district court to two counts of fraud. The South Korean, who headed Singapore-based Terraform Labs, operated TerraUSD and Luna, two cryptocurrencies that collapsed in 2022, sparking a wider market sell-off. US authorities have accused him of "orchestrating a multi-billion dollar crypto asset securities fraud."








