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South Korean entrepreneur Do Kwon, known as the “Crypto King,” has admitted to cheating investors in one of the biggest cryptocurrency scams in history. He created the digital coins TerraUSD and Luna, which suddenly crashed in 2022, wiping out nearly ₹3.5 lakh crore ($40 billion) from the market. As the co-founder of Terraform Labs, he faced charges of conspiracy to defraud and wire fraud. Originally looking at 25 years in prison, his guilty plea could reduce his sentence to about 12 years. This shocking case is a reminder of how risky and dangerous unregulated crypto investments can be.

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#CryptoKing #DoKwon #CryptoScam #CryptoFraud #TerraUSD #LunaCrash #CryptoNews #ScamAlert #BreakingNews #CryptoExposed #FraudCase #BiggestCryptoScam #MoneyLost

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