Krutika Adani
Crypto CEO Busted for Terra Bet
MyConstant’s founder secretly used $11.9M in customer funds to buy TerraUSD—now he owes over $10.5M in penalties.
Promised 10% Returns—Delivered Collapse
Huynh told investors their funds went to “low-risk” crypto loans. Instead, he gambled on a stablecoin that imploded in 2022.
SEC Uncovers TerraUSD Gamble
The SEC says MyConstant lost nearly $8M betting on TerraUSD. Huynh also misused $415K for personal expenses.
Fake Loans & False Promises
To hide the losses, Huynh allegedly sent fake loan summaries to investors, urging them to reinvest after the collapse.
Now Paying the Price
Huynh agreed to pay $8.3M in refunds, $1.5M in interest, and a $750K penalty—without admitting guilt. MyConstant shut down in late 2022.