NEW YORK — A South Korean former tech executive accused of 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»»»

Do Kwon, the South Korean former cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in a 2022 crash, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud. Kwon, 33, who co-founded Singapore-based Terraform Labs and developed»»»

Terraform Labs founder's plea deal includes $19 million forfeiture Terraform Labs founder Do Kwon (Yonhap) Terraform Labs founder Do Kwon, who is behind the $40 billion collapse of two cryptocurrencies in 2022, has pleaded guilty to two charges of conspiracy to defraud and wire fraud. Appearing in »»»