Do Kwon, co-founder of Terraform Labs, confesses fraud and conspiracy amplifiers: 12 years in prison and $ 19 million threaten punishment

Do Kwon, co-founder of Terraform Labs, confesses fraud and conspiracy amplifiers: 12 years in prison and $ 19 million threaten punishment

do Kwon confessed and conspiracy - 12 years in prison and $ 19 million punishment in space

do Kwon, one of the co-founders of Terraform Labs, has guilty of being involved in a fraud and conspiracy scheme. This surprising turn in his case could have serious consequences for him. According to reports, a punishment of up to 12 years in prison is recommended and a fine of $ 19 million.

KWON has become known in the cryptocurrency industry, in particular through the development of Terra, a decentralized financial protocol. The case highlights the challenges and risks associated with the regulation of the aspiring sector. The authorities have increasingly taken measures to combat fraud in connection with digital currencies and to protect the interests of investors.

his confession of guilt and the impending punishments could also have an impact on the trust of investors in the cryptocurrency markets and further heat the discussions about regulatory framework. The case underlines the importance of transparency and integrity in financial innovations and could serve as a precedent for future legal disputes in the industry.

kwon will now be on trial and the exact dimensions of its punishment and other legal consequences must be waited for.