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In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors (Bob Van Voris/Bloomberg)

8d ago
Technology
Techmeme
In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors (Bob Van Voris/Bloomberg)
Do Kwon, co-founder of Terraform Labs, has pleaded guilty in a US court to charges of conspiracy and wire fraud related to the $40 billion collapse of the TerraUSD stablecoin in 2022. Bloomberg's Bob Van Voris reports that the plea agreement with prosecutors resolves charges stemming from the massive cryptocurrency crash that impacted countless investors.
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