Do Kwon Expected to Plead Guilty Over $40 Billion Terra Collapse
2025-08-11 20:10:29 UTC
Do Kwon, the mastermind behind the collapsed Terra crypto project, is expected to plead guilty on Tuesday, court docs show.
Alleged crypto crook Do Kwon—who was behind the failed crypto project Terra—is now expected to plead guilty, court documents show.
A scheduling order for a potential change of plea in the United States' case against Kwon was filed Monday ahead of the conference on Tuesday, August 12.
Kwon previously pleaded not guilty in a New York court to U.S. criminal charges including fraud over the collapse of the project, which failed in 2022, leaving a $40 billion black hole and many investors out of pocket.
This is a breaking news story and will be updated.
Source: decrypt.co
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