🚨 Do Kwon Hit With U.S. Fraud Charges Over $40 Billion Crypto Collapse

Terraform Labs founder Do Kwon is now facing fraud charges in the United States tied to the catastrophic crash of Luna and TerraUSD in 2022—a meltdown that wiped out about $40 billion in value and shook the entire crypto industry.

Sources say prosecutors are preparing for him to plead guilty, marking one of the biggest high-profile falls from grace in crypto’s history. The case is expected to shine a spotlight once again on the risks of algorithmic stablecoins and the lack of oversight that allowed the collapse to spiral.

If convicted, Do Kwon could face a lengthy prison sentence and hefty fines. The news has already sparked heated debate across the crypto community, with some calling it overdue justice and others warning it could set tough new precedents for digital asset projects.