{"id":140233,"date":"2025-08-12T17:37:13","date_gmt":"2025-08-12T17:37:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/140233\/"},"modified":"2025-08-12T17:37:13","modified_gmt":"2025-08-12T17:37:13","slug":"terraform-co-founder-do-kwon-pleads-guilty-over-40-billion-crypto-collapse","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/140233\/","title":{"rendered":"Terraform co-founder Do Kwon pleads guilty over $40 billion crypto collapse"},"content":{"rendered":"<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Terraform Labs co-founder Do Kwon has pleaded guilty to conspiracy and wire fraud three years after his collapsed cryptocurrency firm wiped out $40 billion in funds, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-12\/kwon-says-he-will-plead-guilty-to-charges-tied-to-terra-collapse?taid=689b54d3302b140001ddfd9c&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter\" target=\"_blank\" rel=\"noopener\">a report from Bloomberg<\/a>. Kwon entered his plea in a New York court on Tuesday as part of a deal reached with prosecutors that reduced his charges.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Inner City Press, which reports on courtroom proceedings, said Kwon <a href=\"https:\/\/x.com\/innercitypress\/status\/1955285375166959868\">admitted to knowingly defrauding<\/a> cryptocurrency customers and <a href=\"https:\/\/x.com\/innercitypress\/status\/1955285731607241036\">working with another company<\/a> to artificially inflate Terra\u2019s $1 peg. Kwon\u2019s sentencing is set for December 11th, with the conspiracy charge holding a maximum sentence of five years, and wire fraud at a maximum of 20 years, according to Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"Terraform Labs co-founder Do Kwon has pleaded guilty to conspiracy and wire fraud three years after his collapsed&hellip;\n","protected":false},"author":3,"featured_media":140234,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,6362,50,153,242,67,132,68],"class_list":{"0":"post-140233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-crypto","10":"tag-news","11":"tag-policy","12":"tag-tech","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115017013286795210","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/140233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=140233"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/140233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/140234"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=140233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=140233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=140233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}