Luna

Do Kwon Pleads Guilty in Terraform Labs $40 Billion Collapse Case

Do Kwon, the South Korean crypto entrepreneur behind Terraform Labs, has pleaded guilty to fraud charges linked to the $40 billion collapse of TerraUSD and Luna. He faces up to 12 years in prison and significant asset forfeiture, marking a major moment in crypto fraud accountability.

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Published at 2025-08-13 04:06:32
Do Kwon Pleads Guilty to Fraud Charges in TerraUSD Collapse Case

Do Kwon, the creator of TerraUSD and Luna, pleaded guilty to fraud charges related to the $40 billion crypto collapse. He admitted misleading investors and faces up to 12 years in prison under a plea deal. The case highlights ongoing risks in cryptocurrency markets and the importance of transparency.

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Published at 2025-08-12 18:14:28
Do Kwon Pleads Guilty in $40 Billion TerraUSD Crypto Collapse Case

Do Kwon, founder of Terraform Labs, admits guilt in major U.S. charges linked to the 2022 TerraUSD and Luna crypto crash, facing conspiracy and fraud allegations.

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Published at 2025-08-12 15:03:23
Do Kwon Expected to Plead Guilty in TerraUSD and Luna Fraud Case

Do Kwon, co-founder of Terraform Labs, is set to plead guilty to U.S. fraud charges tied to the 2022 collapse of TerraUSD and Luna, which led to $40 billion in losses. The hearing will take place in Manhattan federal court.

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