Terraform's Do Kwon Pleads Guilty to Conspiracy, Wire Fraud in UST Blow-up

Do Kwon, the co-founder of Terraform Labs, has pleaded guilty to charges of conspiracy and wire fraud in connection with the catastrophic collapse of the TerraUSD (UST) stablecoin, which resulted in significant financial losses for investors and turmoil in the cryptocurrency market. source: https://www.coindesk.com/policy/2025/08/12/terraform-s-do-kwon-pleads-guilty-to-conspiracy-wire-fraud-in-ust-blow-up