Do Kwon: Sentences for involvement in the TerraUSD stablecoin collapse fraud should not exceed five years.
On November 27, according to Bloomberg, Terraform Labs Pte. co-founder Do Kwon stated that his sentence in the United States for his involvement in the $40 billion TerraUSD stablecoin collapse fraud case in 2022 should not exceed five years. Kwon pleaded guilty to conspiracy and wire fraud charges in August, thereby avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive wanted by South Korea, and was subsequently extradited to the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano News Today: Cardano Bets $70 Million—Will It Surpass Ethereum by 2026?
- Cardano proposes a ₳70M 2026 budget to scale its decentralized ecosystem and enhance cross-chain interoperability. - Key upgrades include the Midnight privacy sidechain, Bitcoin-linked DeFi tools, and partnerships with Ctrl Wallet for 2,300+ blockchain interoperability. - Institutional adoption grows as Grayscale allocates 20% of a fund to ADA , while price analysis suggests potential $1.10+ rallies by mid-2026. - Long-term forecasts project ADA surpassing $3.25 by 2026 and $10.25 by 2030, contingent on
Cardano Latest Updates: ADA's Upward Trend Encounters Key Resistance Challenge
- Cardano (ADA) rebounds 7% this week, trading near $0.43 with bullish on-chain and derivatives signals. - Technical indicators show wedge pattern breakout, RSI recovery, and MACD crossover boosting short-term optimism. - Key resistance at $0.49 could trigger $0.56 target, but breakdown below $0.39 risks renewed downward pressure. - Market focuses on ADA's momentum as undervalued altcoin amid broader crypto recovery signals.
Swiss voters opt for prudence, turn down gender-based service and wealth tax due to concerns about economic impact
- Swiss voters rejected two major policy initiatives, opposing compulsory female civil service (84.2%) and a 50% tax on large inheritances (78%). - Critics highlighted economic risks, gender equity concerns, and fears of wealth flight, prioritizing stability over redistribution or expanded civic duties. - The government warned of labor shortages and exodus of high-net-worth individuals, reinforcing cautious governance over radical reforms. - Rejection reflects Swiss tradition of direct democracy and fragme
AI Models Trace 15,000 Years of Language Change, Yet Practical Effects Are Still Uncertain
- AI simulated 15,000-year English evolution, generating hypothetical linguistic shifts but lacking immediate financial impact. - The experiment contrasts with applied AI tools like C3.ai's earnings automation, highlighting theoretical vs. practical AI applications. - Experts note the project's academic value in modeling language drift, though its speculative nature limits direct market relevance. - Probabilistic models underpin the simulation, emphasizing AI's role in exploring abstract evolutionary traje
Trending news
MoreCrypto prices
More
