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Crypto Fugitive Do Kwon Is Charged With Fraud by U.S. Prosecutors

The cryptocurrency entrepreneur Do Kwon — who designed a pair of digital currencies that failed spectacularly last year, triggering a market meltdown — was charged with fraud by federal prosecutors in New York on Thursday, hours after the authorities in Montenegro arrested him as he prepared to board a flight.

Mr. Kwon faces eight counts, including wire fraud, commodities fraud, securities fraud, and conspiracy to defraud and engage in market manipulation.

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