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Do Kwon admits to wire fraud and conspiracy charges tied to TerraUSD collapse; sentencing set for Dec 11 amid high-profile crypto fraud case.
Kwon's guilty plea on two serious charges marks a new phase of accountability, protecting crypto investors in the future.
Terraform Labs co-founder Do Kwon has pleaded guilty in a New York court to conspiracy and wire fraud charges linked to the $40 billion collapse of TerraUSD and Luna.

Crypto X divided on Do Kwon's guilty plea

07:39am, Wednesday, 13'th Aug 2025
Do Kwon's fall from crypto wunderkind to fraudster has recently reached its final act. The Terraform Labs co-founder, once hailed as a visionary, has pleaded guilty to charges tied to the $40 billion
Terraform Labs co-founder Do Kwon has admitted guilt to two U.S. criminal charges tied to the $40 billion collapse of TerraUSD and Luna. The South Korean entrepreneur entered the plea in the Southern
Do Kwon, the South Korean founder of Terraform Labs, has shaken the cryptocurrency sector by pleading guilty to conspiracy to commit fraud and wire fraud. The entrepreneur, known for creating the digi
The plea comes more than three years after the collapse of his digital currencies. The collapse wiped out an estimated $40 billion of investor funds and shook the crypto world.
Do Kwon's guilty plea ends hopes of a trial, sealing a major chapter in the $40B TerraUSD collapse saga.
Do Kwon walked into a New York courtroom Tuesday wearing a yellow prison jumpsuit and did something he'd avoided for years. He admitted guilt.
Terraform Labs co-founder Do Kwon has admitted in court that he knowingly participated in a scheme to defraud cryptocurrency investors, reversing his previous denials after the collapse of the Terra e
Cryptocurrencies are booming today, aligning with the US stock market, which has surged to a record high. Bitcoin is hovering near its all-time high, while the valuation of all tokens moved to a recor
Do Kwon, co-founder of the defunct blockchain firm Terraform Labs, has pleaded guilty to US fraud charges after a tumultuous three years following the company's collapse.
U.S. judge claims Do Kwon will plead guilty in a $40 billion crypto case.
Do Kwon has acknowledged guilt in a federal fraud case over the collapse of TerraUSD. The Terraform Labs co-founder entered the plea in New York, with prosecutors suggesting a 12-year sentence and ove
Do Kwon pleads guilty to fraud over the $40B TerraUSD and Luna collapse, avoiding trial and facing up to 25 years in prison.
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