【Terraform Co-founder Do Kwon May Plead Guilty】According to Jinse Finance, Do Kwon, co-founder and former CEO of Terraform Labs, may plead guilty on Tuesday morning at the Federal Court for the Southern District of New York. Judge Paul Engelmayer stated that Kwon needs to prepare a detailed statement of the criminal facts, and the plea hearing will be held on Tuesday. Previously, in March 2023, U.S. prosecutors charged Kwon with multiple offenses, including fraud, commodity fraud, telecommunications fraud, securities fraud, market manipulation, and money laundering, related to the collapse of the algorithmic stablecoin Terra USD (UST) that he led, resulting in billions of dollars in losses. Kwon had denied all charges in January of this year.