Do Kwon Set to Plead Guilty in $40 Billion Fraud Case After “Secret Bailout” Allegations Surface

Do Kwon, the co-founder of the collapsed Terraform Labs, will plead guilty to conspiracy and wire fraud charges in a U.S. federal court. The plea follows allegations that he misled investors about the stability of TerraUSD, a stablecoin that collapsed in 2022 alongside its sister token, Luna, erasing around $40 billion in market value. U.S. […] The post Do Kwon Set to Plead Guilty in $40 Billion Fraud Case After “Secret Bailout” Allegations Surface appeared first on Coin Edition.