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Do Kwon pleads guilty on two charges, faces potential 12-year sentence
August 12, 2025
CoinFeed News
Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022. His defense entered guilty The post Do Kwon pleads guilty on two charges, faces potential 12-year sentence appeared first on CryptoSlate.