Crypto CEO Do Kwon Found Liable for Fraud After TerraUSD Collapse

• Former crypto CEO Do Kwon found liable for civil fraud by jury in Manhattan • Kwon and his firm Terraform Labs misled investors about stability of TerraUSD stablecoin • TerraUSD lost its $1 peg in May 2022, causing crypto market crash and $40B in losses • Kwon was arrested in March 2023 in Montenegro with forged travel documents • SEC continuing crackdown on unregistered crypto firms after FTX bankruptcy