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Crypto Founder Do Kwon Pleads Guilty to $40B Fraud, Faces Up to 12 Years in Prison

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the staff of the Ridgewood blog

NEW YORK — Cryptocurrency entrepreneur Kwon Do-hyung, widely known as Do Kwon, has pleaded guilty to federal conspiracy and wire fraud charges, marking a dramatic turn in one of the largest collapses in digital asset history.

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South Korea Embraces Won-backed Stablecoin 

Cboe Revolutionizes Crypto Trading with New Bitcoin Futures Product 2025 06 26T090220.278

the staff of the Ridgewood blog

Seoul South Korea, South Korea is making a bold move into digital finance. Under the leadership of newly elected President Lee Jae-myung, the Korean government has announced plans to legalize and promote stablecoin backed by the Korean won (KRW), signaling a major shift in the nation’s monetary and blockchain strategy.

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