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TerraForm Labs Co-Founder Do Kwon May Change Plea in U.S. Fraud Case
TerraForm Labs Co-Founder Do Kwon May Change Plea in U.S. Fraud Case
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BTCCSquare news:
Do Kwon, co-founder of TerraForm Labs, is reportedly preparing to plead guilty to fraud and money laundering charges in the U.S. The charges stem from the 2022 collapse of the Terra ecosystem, which erased billions in market value. A scheduling order filed in New York's Southern District Court indicates Kwon may alter his initial not-guilty plea. A conference to address the potential change is set for Tuesday.
The TerraUSD and LUNA implosion remains one of crypto's most catastrophic failures, triggering global regulatory scrutiny. Kwon's legal team has yet to comment on the development.
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