South Korean cryptocurrency boss Do Kwon charged with fraud

US financial regulators have charged failed South Korean cryptocurrency boss Do Kwon and his company Terrraform Labs with “orchestrating a multi-billion dollar crypto asset securities fraud”. Globally, investors in TerraUSD and Luna lost an estimated $42bn, according to blockchain analytics firm Elliptic. It triggered a sell-off in major cryptocurrencies such as Bitcoin, Ethereum and Tether. As a result the term cryptocrash trended online. Does this bring faith with Crypto investing ?