South Korean cryptocurrency mogul Do Kwon pleaded guilty on Tuesday to two fraud charges arising from the $40 billion collapse of a cryptocurrency ecosystem that had promised investors their money ...

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Do Kwon, the mastermind behind the collapsed Terra project, has agreed to a plea deal for 12 years in prison with a $19 ...

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Prosecutors plan to recommend a sentence of 12 years, and $19 million in penalties, as long as Kwon doesn’t commit any more ...

Do Kwon fraud plea highlights $40B crypto collapse. Kwon accepts responsibility, faces sentencing, and agrees to forfeit $19M in ill-gotten gains.