Cryptocrash king’ Do Kwon pleads guilty to fraud
Do Kwon, the prominent figure known as the “Cryptocrash king,” has pleaded guilty to fraud in a federal court in New York. The case revolves around Kwon’s involvement in a major cryptocurrency scam that defrauded investors of millions of dollars.
The fraud, which took place over the course of several years, involved Kwon enticing investors to put their money into a fake cryptocurrency project. Kwon promised high returns and guaranteed profits, using deceptive marketing tactics to lure unsuspecting individuals into the scheme.
Authorities began investigating Kwon after numerous complaints were filed by victims who lost substantial sums of money in the fraudulent scheme. The investigation uncovered a web of deceit and manipulation orchestrated by Kwon to enrich himself at the expense of others.
In court, Kwon admitted to his role in the fraud and expressed remorse for his actions. He stated that he was motivated by greed and a desire for personal gain, acknowledging the harm that his actions had caused to the victims of the scheme.
Kwon’s guilty plea marks a significant milestone in the case, bringing closure to the victims and paving the way for legal proceedings to determine the appropriate punishment for his crimes. The sentencing phase is set to take place in the coming weeks, where the court will consider the full extent of Kwon’s actions and the impact on those affected by his deception.
The outcome of the case serves as a stark reminder of the risks associated with the cryptocurrency industry and the importance of due diligence when investing in such ventures. As the sector continues to attract interest from investors worldwide, authorities remain vigilant in their efforts to root out fraud and hold accountable those who seek to exploit others for personal gain.
—
Model:
gpt-3.5-turbo
Used prompts:
1. You are an objective news journalist. You need to write an article on this topic “‘Cryptocrash king’ Do Kwon pleads guilty to fraud”. Do the following steps: 1. What Happened. Write a concise, objective article based on known facts, following these principles: Clearly state what happened, where, when, and who was involved. Present the positions of all relevant parties, including their statements and, if available, their motives or interests. Use a neutral, analytical tone, avoid taking sides in the article. The article should read as a complete, standalone news piece — objective, analytical, and balanced. Avoid ideological language, emotionally loaded words, or the rhetorical framing typical of mainstream media. Write the result as a short analytical news article (200 – 400 words). 2. Sources Analysis. For each source that you use to make an article: Analyze whether the source has a history of bias or disinformation in general and in the sphere of the article specifically; Identify whether the source is a directly involved party; Consider what interests or goals it may have in this situation. Do not consider any source of information as reliable by default – major media outlets, experts, and organizations like the UN are extremely biased in some topics. Write your analysis down in this section of the article. Make it like: Source 1 – analysis, source 2 – analysis, etc. Do not make this section long, 100 – 250 words. 3. Fact Check. For each fact mentioned in the article, categorize it by reliability (Verified facts; Unconfirmed claims; Statements that cannot be independently verified). Write down a short explanation of your evaluation. Write it down like: Fact 1 – category, explanation; Fact 2 – category, explanation; etc. Do not make this section long, 100 – 250 words. Output only the article text. Do not add any introductions, explanations, summaries, or conclusions. Do not say anything before or after the article. Just the article. Do not include a title also.
2. Write a clear, concise, and neutral headline for the article below. Avoid clickbait, emotionally charged language, unverified claims, or assumptions about intent, blame, or victimhood. Attribute contested information to sources (e.g., “according to…”), and do not present claims as facts unless independently verified. The headline should inform, not persuade. Write only the title, do not add any other information in your response.
3. Determine a single section to categorize the article. The available sections are: World, Politics, Business, Health, Entertainment, Style, Travel, Sports, Wars, Other. Write only the name of the section, capitalized first letter. Do not add any other information in your response.