Do Kwon Pleads Guilty to Committing Frauds and Implosion of TerraUSD, Luna

Do Kwon, co-founder of Terraform Labs, pleaded guilty to one count of conspiracy to commit commodities fraud, securities fraud, and wire fraud, and one count of wire fraud in a New York federal court on August 12, 2025. The charges stem from the $40 billion collapse of TerraUSD and Luna in 2022, which wiped out

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