Terraform’s Do Kwon Set to Plead Guilty in Terraform Fraud Case

Description

The long-running legal saga of Do Kwon, co-founder of the now-defunct Terraform Labs , has reached a turning point. Kwon reportedly has informed a U.S. court that he will plead guilty to wire fraud and conspiracy to defraud charges levied against him. This comes after years of investigations and trials linked to the collapse of Terra USD, a so-called algorithmic stablecoin. The collapse of the digital token in 2022 wiped out tens of billions of dollars in value and sent shockwaves through the gl...