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Do Kwon’s Guilty Plea in Terraform Labs Case Suggests Possible Sentencing Outcomes Amid Ongoing Legal Challenges
Do Kwon, co-founder of Terraform Labs, has pled guilty to wire fraud and conspiracy charges, facing potential prison time and financial penalties totaling $19 million.
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Kwon changed his plea from not guilty to guilty on two counts related to the collapse of the Terra ecosystem.
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He faces a maximum of 12 years in prison under a plea agreement.
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The collapse of Terra resulted in an estimated $40 billion in losses for investors.
Do Kwon pleads guilty to wire fraud charges, potentially facing 12 years in prison and $19 million in penalties. Read more for insights.