Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely
Do Kwon is the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month.
Former federal prosecutors and ex-senior counsel for the Securities and Exchange Commission tell CNBC that criminal charges will be hard to prove because prosecutors would have to prove intent to defraud.
But civil penalties, including fines from regulators and lawsuits from burned investors, are more likely.
$Terra(LUNA.CC$ $Bitcoin(BTC.CC$ $LUNA/BTC(LUNABTC.CC$ $AMC Entertainment(AMC.US$
Former federal prosecutors and ex-senior counsel for the Securities and Exchange Commission tell CNBC that criminal charges will be hard to prove because prosecutors would have to prove intent to defraud.
But civil penalties, including fines from regulators and lawsuits from burned investors, are more likely.
$Terra(LUNA.CC$ $Bitcoin(BTC.CC$ $LUNA/BTC(LUNABTC.CC$ $AMC Entertainment(AMC.US$
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搞经济 抄底 加仓 : Na.. just pay some fine. many US company do that. make a bankruptcy then relist the same company again. That normal in the States what the big deal.
KingNY-Life : He must go to prison.
买跌不追涨 KingNY-Life : Wonder if anyone gets rich on this?
KingNY-Life 买跌不追涨 : Only short-sellers make money. I don't know why anyone still supports this liar.
搞经济 抄底 加仓 KingNY-Life : Some people called him God before. But I have to say he's really smart. It's me. I'd do the same. Here's the problem. He sent 2.0LUNA and some people bought it. I can't do that. Only a genius can do that.
Sg-Jin : Flush the shit coins from the market ;P
Sg-Jin 搞经济 抄底 加仓 : He is a piece of poop. Idiots that lost money only got themselves to blame.