According to a Reuters report, Terraform Labs founder Do Kwon will plead guilty in the case involving the $40 billion cryptocurrency crash, facing two conspiracy fraud charges.

Finally coming to an end, this case has dragged on for several years, and Kwon's guilty plea may provide some comfort to the victims of LUNA and UST, but it also exposes the regulatory gaps in crypto.

In light of today's settlement between Ripple and the SEC, the regulatory environment is easing, but cases like that of the Tornado Cash developers remind everyone that privacy tools carry high risks.

In the future, DeFi projects will need to strengthen compliance, which may have a short-term negative impact on the Terra ecosystem, but the overall market will become more mature. It is recommended to avoid high-risk altcoins.