Core Points - Kwon Do-hyung, a prominent figure in the cryptocurrency space, has admitted to fraud charges in a U.S. court, marking a significant turn in his legal battle following the collapse of his stablecoin TerraUSD and its associated token Luna [1][3] Group 1: Legal Proceedings - Kwon reached a plea deal with the Manhattan U.S. Attorney's Office, changing his previous not guilty plea to guilty on charges of telecommunications fraud, securities fraud, and commodities fraud [1] - He faces a maximum sentence of 25 years but could receive no more than 12 years if he complies with the plea agreement [1] - The court is set to announce the sentencing on December 11 [1] Group 2: Background and Impact - Kwon co-founded Terraform Labs in 2018, creating the once-popular stablecoin TerraUSD and its token Luna, which saw a dramatic collapse in May 2022, resulting in approximately $40 billion in losses for global investors [1][2] - The U.S. Securities and Exchange Commission has filed a civil lawsuit against Kwon, accusing him of orchestrating a multi-billion dollar securities fraud scheme [2] - Kwon's actions are seen as part of a broader trend of instability in the cryptocurrency market, leading to increased scrutiny and regulatory measures across multiple countries [4]
【特稿】昔日“币圈”风云人物权道亨承认诈骗罪
Xin Hua She·2025-08-13 08:26