Do Kwon Pleads Guilty in $40bn Crypto Collapse
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Do Kwon Pleads Guilty in $40bn Crypto Collapse

August 13, 2025
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Do Kwon, the South Korean entrepreneur behind the catastrophic collapse of the TerraUSD and Luna cryptocurrencies, has pleaded guilty in a US court to two counts of conspiracy to defraud and wire fraud. The 33-year-old, who co-founded Singapore-based Terraform Labs, appeared before US District Judge Paul Engelmayer in New York

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