TerraformLabs
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.
Published at 2025-08-13 04:06:32
Do Kwon Pleads Guilty to Fraud Charges in TerraUSD Collapse
Do Kwon, founder of Terraform Labs, admitted guilt to multiple fraud charges linked to the $40 billion TerraUSD crash, facing up to 25 years in prison. This event triggered the 2022 crypto winter and broader market turmoil. Learn more about the impact and crypto safety tips from Bitlet.app.
Published at 2025-08-12 18:06:32