The co-founder of Terraform Labs Pte, the creator of $LUNA y $LUNC Do Kwon, pleaded guilty to charges in a fraud trial in the U.S. related to the collapse of the $40 billion stablecoin TerraUSD in 2022.

Kwon pleaded guilty to conspiracy and wire fraud under a deal with prosecutors at a hearing held this Tuesday in New York.

This is undoubtedly a significant blow to the #lunatic