Do Kwon Pleads Guilty in $40B Crypto Fraud, Faces Sentencing

Published: August 13, 2025

Last Updated: 19 Aug 2026

Do Kwon Admits Guilt in $40B Crypto Fraud Case

Do Kwon Admits Role in TerraUSD Collapse and Faces Up to 25 Years

NEW YORK, Aug 12, Do Kwon, the co-founder of Terraform Labs and creator of cryptocurrencies TerraUSD and Luna, has pleaded guilty to two federal charges in the United States. The 33-year-old admitted in court to conspiracy to defraud and wire fraud in a case tied to one of the largest collapses in crypto history.

About the Author Muskan Sharma

English News Writer at coingabbar.com

Muskan Sharma is a crypto journalist with 3 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.