Do Kwon Expected to Plead Guilty in TerraUSD and Luna Fraud Case
Do Kwon, the co-founder of Terraform Labs, is expected to plead guilty to U.S. fraud charges related to the dramatic collapse of the TerraUSD and Luna cryptocurrencies in 2022. This collapse resulted in an estimated $40 billion in losses, shaking the crypto community worldwide.
A hearing concerning these charges is scheduled for Tuesday at 10:30 a.m. EDT at the Manhattan federal court. The case highlights the ongoing scrutiny faced by crypto projects and their founders amid regulatory crackdowns.
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