Do Kwon, founder of Terraform Labs, pleaded guilty to fraud charges related to the collapse of the TerraUSD and Luna stablecoins. This case follows significant losses for investors and regulatory scrutiny. Kwon agreed to forfeit $19 million in illicit profits. This plea marks a key moment in crypto regulation and investor protection.
Do Kwon Pleads Guilty to Fraud
Published: September 8, 2025
Terraform Labs founder Do Kwon pleaded guilty to fraud charges related to the collapse of the TerraUSD and Luna stablecoins. The plea deal includes forfeiture of $19 million in illicit profits, marking a significant regulatory milestone.