Cryptocurrency entrepreneurs have suffered for up to 25 years due to the collapse of $ 40 billion from the Terrasd and Luna tokens.
South Korea’s cryptocurrency Mughal Do Quone has been convicted in the United States for fraud in the United States in the US for $ 40 billion in the Luna token.
According to the court fileing, Kofounder of the Singapore -based Terphorm Lab, Quon, filed a petition in the southern district of New York on Tuesday.
Quon confessed in a count of cheating goods, securities fraud and wire fraud and a measure of cheating wire.
As part of his petition, crypto entrepreneurs agreed to confiscate more than $ 1 million from his crimes, according to the plaintiffs.
In January, Quon had requested that the securities were not guilty of nine counts in this case, including cheating, wire fraud and money laundering conspiracy.
“To make one of the biggest frauds out in history, the promise and investment of cryptocurrency used the promise and investment,” said the United States ATTorney Tarni Ja Claton.
“Quon attracted billions of billions of billions of funds to Terraffor’s ecosystem with promising self-sphabilizing stabbine. When the markets realized that ecosystem was unstable: the system collapsed and the world’s investors suffered billions of damage.”
On December 11, Ku KN was sentenced to a maximum of 25 years in jail.
After spending several months from the Officers FROM, Quon was transplanted to the United States in December 224 after arrest in Montanegro.
