Do Kwon May Plead Guilty in US for $40 Billion TerraUSD Collapse

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According to Bloomberg, Do Kwon, co-founder of Terraform Labs, may plead guilty in a criminal fraud case in the United States related to the $40 billion TerraUSD stablecoin collapse in 2022. U.S. District Judge Paul Engelmayer has scheduled a plea hearing for Tuesday and requested that Kwon explain his actions if he pleads guilty. Kwon's lawyers did not respond to a request for comment.

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