đą Do Kwon changes tone: he will plead guilty in the Terraform case đâïž
A twist in the crypto universe! đ„ Do Kwon, the co-founder of Terraform Labs, surprised the community by announcing his intention to plead guilty in the case related to the collapse of the Terra (LUNA/UST) ecosystem. đȘđ
Recall that in May 2022, UST, an algorithmic stablecoin, abruptly lost its peg to the dollar, leading to a staggering drop in LUNA and the loss of billions of dollars for investors worldwide. đ Thousands of people saw their savings disappear, and the case became one of the biggest scandals in crypto history.
Until recently, Do Kwon claimed his innocence and denounced a "political trial." But according to the latest information, he has decided to change his legal strategy by pleading guilty, hoping to reduce his sentence and avoid a long and publicized trial. âïžđïž
This decision could have major consequences:
In judicial terms: a quicker conviction, but potentially less severe.
In the crypto market: a renewed caution among investors.
In regulation: a strong signal for authorities who want to more strictly regulate the sector.
The question remains: will this case permanently change trust in crypto projects? đ€
In any case, it's a harsh reminder: in crypto, quick gains can hide enormous risks. đš
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