Do Kwon, founder of Terraform Labs, will plead guilty to multiple criminal charges, including fraud, conspiracy, money laundering, and more.
These charges, in total, could result in a maximum sentence of 100 years. It is still unclear whether he intends to make a deal or rely on the leniency of the courts.
Do Kwon pleads guilty
Do Kwon, founder of Terraform Labs, has been involved in a series of legal battles since the collapse of the TerraUSD stablecoin and the Luna token in 2022. After his arrest in Montenegro and extradition to the US, he faces a series of nine federal charges. Today, he agreed to submit to:
#breaking: Do Kwon is said ready to plead guilty tomorrow here @SDNYLIVE – Inner City Press wrote the book on Do Kwon / Luna https://t.co/JkktxstS6y and will cover it https://t.co/vYWEw2u997 pic.twitter.com/apA0f2w3A7
— Inner City Press (@innercitypress) August 11, 2025
Court reporters stated that Do Kwon would avoid a trial by pleading guilty in advance. Still, this is a very serious decision. If convicted on all nine charges, he could face up to 100 years in prison.
Based on court documents, it is unclear what his overall strategy is. Plea deals are often part of a plan to testify against potential co-conspirators, but Do Kwon is the central figure in this incident.
His confession 'will incorporate all elements of the crime(s) to which [he] is pleading guilty', but the publicly available evidence does not give us any further clues. For now, all we can say is that this landmark trial will not unfold as expected.
The article 'Founder of Terraform Labs, Do Kwon, to plead guilty to fraud charges' was first seen on BeInCrypto Brazil.
