Do Kwon, co-founder of Terraform Labs, pleaded guilty in Manhattan federal court to conspiracy and wire fraud charges over the $40 billion collapse of TerraUSD and Luna in 2022. Prosecutors say he misled investors by claiming TerraUSD’s $1 peg was algorithmically maintained, when in fact it relied on secret manual interventions. Once facing nine charges, Kwon’s plea deal caps his potential sentence at 12 years, though the legal maximum is 25. He will forfeit over $19 million and Terraform-related assets. The collapse devastated investors worldwide and sparked global calls for tighter cryptocurrency regulation. Sentencing is set for December 11, 2025.
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Mkt Cap $2.29T
BTC Dom 56.74 %
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$64,677.00
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ETH
$1,910.50
▲ +0.00%
USDT
$0.999398
▲ +0.00%
BNB
$592.07
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USDC
$0.999658
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.30
▲ +0.50%
TRX
$0.327519
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.92
▼ -0.70%
DOGE
$0.06964
▲ +1.00%
USDS
$0.999976
▲ +0.00%
RAIN
$0.012726
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$511.01
▲ +4.40%
ADA
$0.198241
▼ -4.40%
XMR
$369.90
▲ +1.10%
WBT
$55.97
▲ +0.20%
LINK
$8.19
▲ +0.10%
XLM
$0.160302
▼ -1.20%
DAI
$0.999787
▲ +0.00%
BCH
$215.06
▲ +0.80%
USD1
$0.999727
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.34
▼ -3.80%
Mkt Cap $2.29T
BTC Dom 56.74 %
BTC
$64,677.00
▲ +0.30%
ETH
$1,910.50
▲ +0.00%
USDT
$0.999398
▲ +0.00%
BNB
$592.07
▲ +0.00%
USDC
$0.999658
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.30
▲ +0.50%
TRX
$0.327519
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.92
▼ -0.70%
DOGE
$0.06964
▲ +1.00%
USDS
$0.999976
▲ +0.00%
RAIN
$0.012726
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$511.01
▲ +4.40%
ADA
$0.198241
▼ -4.40%
XMR
$369.90
▲ +1.10%
WBT
$55.97
▲ +0.20%
LINK
$8.19
▲ +0.10%
XLM
$0.160302
▼ -1.20%
DAI
$0.999787
▲ +0.00%
BCH
$215.06
▲ +0.80%
USD1
$0.999727
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.34
▼ -3.80%
BTC
$64,677.00
▲ +0.30%
ETH
$1,910.50
▲ +0.00%
USDT
$0.999398
▲ +0.00%
BNB
$592.07
▲ +0.00%
USDC
$0.999658
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.30
▲ +0.50%
TRX
$0.327519
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.92
▼ -0.70%
DOGE
$0.06964
▲ +1.00%
USDS
$0.999976
▲ +0.00%
RAIN
$0.012726
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$511.01
▲ +4.40%
ADA
$0.198241
▼ -4.40%
XMR
$369.90
▲ +1.10%
WBT
$55.97
▲ +0.20%
LINK
$8.19
▲ +0.10%
XLM
$0.160302
▼ -1.20%
DAI
$0.999787
▲ +0.00%
BCH
$215.06
▲ +0.80%
USD1
$0.999727
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.34
▼ -3.80%
Mkt Cap $2.29T
BTC Dom 56.74 %
BTC
$64,677.00
▲ +0.30%
ETH
$1,910.50
▲ +0.00%
USDT
$0.999398
▲ +0.00%
BNB
$592.07
▲ +0.00%
USDC
$0.999658
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.30
▲ +0.50%
TRX
$0.327519
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.92
▼ -0.70%
DOGE
$0.06964
▲ +1.00%
USDS
$0.999976
▲ +0.00%
RAIN
$0.012726
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$511.01
▲ +4.40%
ADA
$0.198241
▼ -4.40%
XMR
$369.90
▲ +1.10%
WBT
$55.97
▲ +0.20%
LINK
$8.19
▲ +0.10%
XLM
$0.160302
▼ -1.20%
DAI
$0.999787
▲ +0.00%
BCH
$215.06
▲ +0.80%
USD1
$0.999727
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.34
▼ -3.80%
