Do Kwon

Terraform Labs co-founder Do Kwon has admitted guilt to two U.S. criminal charges tied to the $40 billion collapse of TerraUSD and Luna. The South Korean entrepreneur entered the plea in the Southern District of New York after earlier denying all charges. The agreement with prosecutors includes financial penalties of up to $19 million and a recommendation for a reduced prison term.

The SEC is getting angry and making the big fish of crypto cry. Record fines to calm the cowboys!