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Disgraced crypto exec Do Kwon to plead guilty to fraud charges in $40B collapse

Disgraced crypto exec Do Kwon to plead guilty to fraud charges in $40B collapse

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, is planning to plead guilty on Tuesday to two charges of conspiracy to defraud and wire fraud, a judge said at a US court hearing. US District Judge Paul Engelmayer is expected to ask Kwon, who co-founded Singapore-based Terraform Labs and...

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