{"id":41802,"date":"2025-08-12T18:01:31","date_gmt":"2025-08-12T18:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41802"},"modified":"2025-08-12T18:01:31","modified_gmt":"2025-08-12T18:01:31","slug":"terraform-labs-founder-do-kwon-pleads-guilty-to-fraud-in-60b-terra-luna-collapse","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41802","title":{"rendered":"Terraform Labs Founder Do Kwon Pleads Guilty To Fraud In $60B Terra\/Luna Collapse"},"content":{"rendered":"<div>\n<p><strong>Terraform Labs<\/strong> founder <strong>Do Kwon<\/strong> has pleaded guilty to conspiracy to commit fraud and wire fraud, nearly three years after the $60 billion implosion of the<strong> Terra<\/strong>\/<strong>Luna <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">LUNC<\/a>) <a href=\"https:\/\/www.benzinga.com\/25\/01\/42891429\/terraform-founder-do-kwon-to-stand-trial-in-2026-for-alleged-40-billion-fraud-terra-classic-token-sinks\">stablecoin ecosystem<\/a>.<\/p>\n<p>The 33-year-old South Korean national appeared in Manhattan federal court Tuesday wearing a yellow prison jumpsuit and shackles, admitting that he knowingly misled purchasers of the <strong>TerraUSD <\/strong>stablecoin, Coindesk <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/08\/12\/terraform-s-do-kwon-pleads-guilty-to-conspiracy-wire-fraud-in-ust-blow-up\">reported<\/a> on Tuesday.<\/p>\n<p>Judge <strong>Paul Engelmayer<\/strong> confirmed that Kwon understood the charges, which stem from an earlier indictment that also included securities and commodities fraud counts.<\/p>\n<p>Kwon originally faced up to 135 years in prison if convicted on all charges, but a plea agreement &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/47069373\/terraform-labs-founder-do-kwon-pleads-guilty-to-fraud-in-60b-terra-luna-collapse\" alt=\"Terraform\" labs founder do kwon pleads guilty to fraud in terra collapse>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Terraform Labs founder Do Kwon has pleaded guilty to conspiracy to commit fraud and wire fraud, nearly three years after the $60 billion implosion of the Terra\/Luna (CRYPTO: LUNC) stablecoin ecosystem. The 33-year-old South Korean national appeared in Manhattan federal court Tuesday wearing a yellow prison jumpsuit and shackles, admitting that he knowingly misled purchasers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41802","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41802"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41802\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}