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Crypto founder Do Kwon pleads guilty to US fraud charges

48 TechTechTech 21 8/12/2025, 9:15:11 PM ft.com ↗

Comments (21)

mikestew · 4h ago

https://archive.ph/Zvpwe

onlyrealcuzzo · 4h ago

Is there a prediction market bet on whether or not he gets pardoned?

toomuchtodo · 2h ago

https://manifold.markets/evan/who-will-trump-pardon-in-2025-...

Do Kwon at 5% as of this comment.

wigster · 4h ago

years/per trump meme coin, what is the rate I wonder?

bluedevil2k · 3h ago

Can Do Kwon bet enough money on “yes” to over his own roughly $30M bribe.

cyanydeez · 3h ago

Im still waiting for the "will Fascist X die by 20Xx" market.

at-fates-hands · 3h ago

The max he can get is 20. More likely he will get half of that which would be around 10. If he goes to federal prison that means he would have to at least 8.5 years. The other issue is he's not a US citizen so they could also just deport him, confiscate his passport and put him on a no-fly list to keep him out of the country.

There's no reason to pardon him.

ceejayoz · 2h ago

> There's no reason to pardon him.

That doesn't really seem to be stopping pardons from going ahead.

paulpauper · 1h ago

The Jan 6th protestors were sentenced for far fewer months and were all pardoned even after completing their time.

esseph · 3h ago

Money, clout, and leverage.

jjangkke · 2h ago

Looks like he's going to do about 12 years which is insanely low for the financial damage caused and after he will be deported to South Korea where he will be immediately put on trial and sentenced to prison again.

throw101010 · 2h ago

He might just get (or buy) a pardon from Trump like other centralized crypto exchange money launderers/scammers and other white collar criminals recently: https://www.axios.com/2025/03/31/trump-pardons-bitmex-crypto...

King-Aaron · 1h ago

"might". It seems like that's the way business is operating these days with this kind of activity.

paulpauper · 1h ago

probably 1000s of ppl have been sentenced to fed prison over the past decade for white collar crimes. 4 pardons is hardly an outlier .

rafale · 1h ago

How much money he had when he was caught? How much you profited usually makes a difference in sentencing.

decimalenough · 1h ago

The plea deal includes forfeiting US$19 million.

paulpauper · 1h ago

the key here is intent. the Luna protocol was flawed but this is not the same as him intentionally scamming people

mandeepj · 1h ago

> The South Korean crypto entrepreneur

Stop calling him an "entrepreneur" now!!

2OEH8eoCRo0 · 4h ago

What's going on with 3AC and where is Kyle Davies?

WXLCKNO · 3h ago

Also baffled to see Zhu Su not in prison and tweeting.

paulpauper · 1h ago

Making bad leveraged bets and sticking your lenders with the bill has surprisingly lenient sentences, compared to defrauding retail customers, like in the case of FTX.