Terraform Labs Co-Founder Do Kwon to Plead Guilty

Do Kwon, the co-founder of Terraform Labs, is expected to plead guilty in a hearing on Tuesday in connection with the $40 billion collapse of the algorithmic stablecoin TerraUSD. The 2022 crash triggered a massive ripple effect across the crypto industry, wiping out billions in value and eroding investor trust globally. Kwon’s plea could mark a turning point in one of crypto’s most high-profile legal cases, potentially paving the way for further accountability within the space.