US prosecutors in New York charge Terraform Labs co-founder Do Kwon with eight counts, including securities fraud, commodities fraud, and wire fraud (Ava Benny-Morrison/Bloomberg)

Ava Benny-Morrison / Bloomberg:
US prosecutors in New York charge Terraform Labs co-founder Do Kwon with eight counts, including securities fraud, commodities fraud, and wire fraud  —  Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was charged with fraud by US prosecutors in New York.