Do Kwon May Plead Guilty in US Case Over $40 Billion Terraform Collapse
The article discusses the potential guilty plea by Do Kwon, the co-founder of Terraform Labs, in a US fraud case related to the $40 billion collapse of the TerraUSD stablecoin in 2022. According to the article, Do Kwon may plead guilty in the US case, which is linked to the dramatic implosion of the TerraUSD and its associated cryptocurrency, Luna, in May 2022. The collapse of the Terra ecosystem led to widespread losses among investors and sparked regulatory scrutiny around the world. The article does not provide further details on the specific charges or the status of the legal proceedings against Do Kwon. It also does not mention any potential consequences or implications of a guilty plea. The article presents the information in a concise and unbiased manner, focusing on the key fact that Do Kwon may plead guilty in the US case related to the $40 billion collapse of the Terraform ecosystem.
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