Do Kwon has surrendered and confessed to his guilt.
The founder of Terraform Labs, infamous for the collapse of TerraUSD and LUNA, has officially admitted to fraud. He faces up to 12 years in prison and the confiscation of $19 million. The story of Do Kwon serves as a reminder: hype projects without real sustainability end in disaster. Crypto enthusiasts should remember: DYOR is more important than any loud promises.
View OriginalThe founder of Terraform Labs, infamous for the collapse of TerraUSD and LUNA, has officially admitted to fraud. He faces up to 12 years in prison and the confiscation of $19 million. The story of Do Kwon serves as a reminder: hype projects without real sustainability end in disaster. Crypto enthusiasts should remember: DYOR is more important than any loud promises.