What crimes was he convicted of?
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Kwon pleaded guilty to conspiracy and wire fraud, admitting he misrepresented:
• how TerraUSD maintained its peg
• the safety of investor funds
• the strength of Terra’s reserves
His guilty plea and apology to victims reduced his sentence, but he still received 15 years in U.S. federal prison. -
He was convicted of fraud-related charges tied to the collapse of TerraUSD and its misleading structure.
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The court found him responsible for deceptive practices that caused massive financial losses for investors.