US prosecutors recommend a 12-year prison sentence for Do Kwon
Jinse Finance reported that U.S. prosecutors stated that Do Kwon, co-founder of Terraform Labs, should be sentenced to 12 years in prison for fraudulent activities that led to the collapse of the TerraUSD stablecoin in 2022, causing $40 billion in losses. U.S. District Judge Paul Engelmayer will sentence him on December 11. (Bloomberg)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreHedge fund Appaloosa LP pointed out that U.S. home appliance giant Whirlpool failed to fully capitalize on the opportunities presented by current tariff policies.
The well-known hedge fund Appaloosa LP recently sent an official letter to the board of directors of Whirlpool, proposing that the company proactively invite capable domestic enterprises or multinational groups to make strategic equity investments in Whirlpool.
Crypto prices
More
