Do Kwon Expected to Plead Guilty Over $40 Billion Terra Collapse
Alleged crypto crook Do Kwon—who was behind the failed crypto project Terra—is now expected to plead guilty, court documents show.
A scheduling order for a potential change of plea in the United States' case against Kwon was filed Monday ahead of the conference on Tuesday, August 12.
Kwon previously pleaded not guilty in a New York court to U.S. criminal charges including fraud over the collapse of the project, which failed in 2022, leaving a $40 billion black hole and many investors out of pocket.
This is a breaking news story and will be updated.
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