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Do Kwon Says He Will Plead Guilty to Charges Tied to Terra Collapse

Terraform Labs co-founder and CEO Do KwonPhotographer: Woohae Cho/BloombergTerraform Labs Pte. co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.Kwon pleaded guilty to conspiracy and wire fraud under an agreement with prosecutors at a hearing in New York on Tuesday. The 33-year-old, dressed in a yellow prison jumpsuit, also agreed to forfeit $19.3 million and some properties as part of the plea deal....

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