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Crypto mogul Do Kwon pleads guilty to fraud for $40bn market collapse
Terraform Labs co-founder, pleading guilty to two charges, was accused of misleading investors in 2021 about TerraUSD Do Kwon, the South Korean entrepreneur behind two cryptocurrencies that lost an estimated $40bn in 2022 and caused the market to implode, pleaded guilty on Tuesday to two US charges of conspiracy to defraud and wire fraud. Kwon,…