1. Do Kwon Pleads Guilty in $40B Terra Collapse South Korean crypto founder Do Kwon has officially pleaded guilty in a New York federal court to charges related to the staggering $40 billion collapse of Terraform Labs and its TerraUSD (Terra) and Luna tokens. Under a plea agreement, he faces up to 12 years in prison, will forfeit over $19 million in assets, and relinquish all stakes in his projects. Sentencing is scheduled for December 11.
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1. Do Kwon Pleads Guilty in $40B Terra Collapse South Korean crypto founder Do Kwon has officially pleaded guilty in a New York federal court to charges related to the staggering $40 billion collapse of Terraform Labs and its TerraUSD (Terra) and Luna tokens. Under a plea agreement, he faces up to 12 years in prison, will forfeit over $19 million in assets, and relinquish all stakes in his projects. Sentencing is scheduled for December 11.