Do Kwon Criminal Case Exposes Staggering Victim Count Of Over 1 Million

Quick Summary:

Do Kwon, the former CEO of Terraform Labs, is currently under intensive investigation by US officials who allege that he committed fraud that affected over a million people worldwide.

During Kwon’s trial in a New York court, prosecutors provided a detailed account of the far-reaching consequences of his alleged financial misconduct.

It is evident that this case is likely to establish a precedent for the management of cryptocurrency-related fraud in the future as additional information becomes available.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryUnited States

Topics: Do Kwon Stablecoin Terra Collapse UST Crypto News Terra

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 15:00:01 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24961733

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 9 hours ago

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