Make Kwon, the Founder of DECUNCTRACTBAIN AMPLERCHAIN LABS SURE, admitted charges of America’s fraud after three years of company fall.
Kwon, who participated in the Terrausd Stablecoin and Luna (now Luna Classic) had lost 2022 money, replaced in the New York Court on Tuesday.
Did Kon charge in Cocuracy and fraud case
Kwon faced critical allegations in the global elevator.
Concerning frequent With Bitcoinististist on Monday, after pleading guilty in January, he finally changed his situation, admitting two charges: conspiracy, fraud and part of Manhattan lawyer.
The charges against Kwon were primarily related to astrologers with Terrausd, Stablecoin aimed at being betrayed in the US Dola. Prosecutors say there Terrausd He falls under their peg on May 2021, Kwon, Mzon confirmed investors that the computer algorithm known as “Territ Protocol” will restore the amount.
Authorities say that literally, Kwon had secretly planning ‘a merchant companion companion of the billion to reduce its price and return its value to the dollar.
This behavior has resulted in both Institutions of institutions Buying Terraform products, dating the amount of Luna – Cryptocurrency arrested near Terrusd-to 25 billion early 2022.
Banned from Crypto as part of SEC resolution
During court, Course -xdulated Regrets for his actions, confess, “I made false statements and how they found its own trading role in returning that peg.” What I’ve done. “
As part of his legal problems, Kwon admitted to pay $ 80 million and will be prevented from Crypto as part of a wide $ 4.55 billion and US Security Commission.
DWWO, kept in the cell since his release from Montenegro near the end of the past year by US officials were also faced with cases South Korea in the achievement of fraud, security illusion, and fence deception
Looking forward, the Crypto businessman is facing a sentence that may be in the age of 25 years, even though prosecutors have prior to the last 12-year-old, opposing Ekwon to accept the burden of his actions. The sentence was scheduled for December 11.
Following to make Kwon fall, Luna Classic record 8% UPTICK on the day of the week. This recovery is achieved for $ 0.00006284 Rate after continuous drops of crashes from their annual executive of $ 0.00012, achieved in January.
Picture entered from Dall-e, chart from TradingView.com
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