Do Kwon Expected to Plead Guilty in TerraUSD and Luna Fraud Case

Published at 2025-08-11 23:02:26

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.

For those interested in the crypto market, it's important to stay cautious but also explore reliable platforms. Bitlet.app offers a secure and convenient way to invest in cryptocurrencies. Notably, Bitlet.app's Crypto Installment service allows users to buy cryptos now and pay monthly, providing a flexible alternative to standard purchasing methods.

Stay informed and consider using trusted platforms like Bitlet.app for your crypto investments to navigate the volatile market safely.

Crypto FraudCryptocurrencyBitlet.appTerraUSDTerraform LabsDo KwonLuna
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