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前加密货币大亨Do Kwon认罪
财联社·2025-08-13 06:39

Core Viewpoint - Do Kwon, the notorious former cryptocurrency mogul, pleaded guilty to two fraud charges in a New York federal court, marking a significant development in the aftermath of the collapse of the algorithmic stablecoin TerraUSD (UST) and its sister coin Luna, which resulted in a loss of over $40 billion in market value within a week in May 2022 [1][2][5]. Group 1: Collapse of TerraUSD and Luna - The algorithmic stablecoin TerraUSD was designed without backing from fiat currency or physical assets, relying instead on a dual-token system with Luna to maintain its price peg [2]. - The mechanism depended heavily on participant confidence, and once a significant funding gap occurred, the stablecoin's de-pegging became inevitable, leading to a "death spiral" as Luna's price plummeted [2][3]. - Within just five days, Luna's price fell from $80 to nearly worthless, and TerraUSD never regained its peg [3] Group 2: Impact on the Cryptocurrency Market - The collapse of TerraUSD and Luna ended the preceding cryptocurrency bull market, causing numerous crypto companies to go bankrupt, with Bitcoin's price dropping from $69,000 to $16,000 over the course of nearly a year [5]. Group 3: Legal Proceedings and Guilty Plea - After going into hiding following the collapse, Do Kwon was arrested in Montenegro in March 2023 while attempting to flee with a fake passport [7]. - His guilty plea signifies a decision to cease resistance against prosecutors, where he admitted to intentionally deceiving cryptocurrency buyers and acknowledged the fraudulent nature of his statements regarding TerraUSD's ability to self-recover [8]. - As part of a plea agreement, Do Kwon pleaded guilty to one count of conspiracy and one count of wire fraud, with prosecutors seeking a sentence of no more than 12 years, although he could face up to 25 years if the maximum sentence is imposed [8][9].