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[Newsmaker] Prosecutors looking into whether to bring Ponzi fraud charges against Terraform CEO Kwon
[Newsmaker] Prosecutors looking into whether to bring Ponzi fraud charges against Terraform CEO Kwon
Social affairsMay 20, 2022
Prosecutors are looking into whether to bring Ponzi fraud charges against CEO Do Kwon of Terraform Labs, sources said Friday, a day after investors sued him over the shocking crash of the firm's two cryptocurrencies. In a crash starting last week, Terraform's two main tokens, TerraUSD and sister coin Luna, had registered more than 99.99 percent falls from their highs, wiping out more than $38 bi...