Do Kwon May Plead Guilty in US Case Over $40 Billion Terraform Collapse

Terraform Labs Pte. co-founder Do Kwon may plead guilty in a US fraud case tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.

US District Judge Paul Engelmayer in New York scheduled a change of plea hearing for Tuesday. The judge said in an order Monday that Kwon should be ready to explain how he violated the law if he pleads guilty.