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'Cryptocrash king' Do Kwon pleads guilty to fraud
A South Korean former tech executive accused of a helping to spark a cryptocurrency crisis that cost investors more than $40bn (£31.8bn) has pleaded guilty to two criminal counts of fraud. Do Kwon was the boss of Singapore-based Terraform Labs, which operated two cryptocurrencies - TerraUSD and Luna - both of which collapsed in 2022, triggering a wider sell-off in the crypto market. The US says he was responsible for the failure of the two digital currencies, accusing him of "orchestrating a multi-billion dollar crypto asset securities fraud". As part of the plea deal, prosecutors have agreed to refrain from ... (full story)
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