The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.

I admit to intentionally committing fraud. I sincerely apologize to all the victims.” On the 11th (local time), in Courtroom 1305 of the U.S. Southern District Court in New York, Kwon Do-hyeong (34), ...

Terraform Labs co-founder Do Kwon is expected to plead guilty in a US fraud case tied to the 2022 collapse of the TerraUSD (UST) stablecoin, which wiped out $40b in value and sent shockwaves through ...