Cryptocurrency entrepreneur Do Kwon is expected to plead guilty in a high-profile fraud case related to the collapse of the Terra blockchain ecosystem. The plea comes after months of negotiations between his legal counsel and U.S. prosecutors, who are seeking a total of 61 years in prison for Kwon if convicted on all nine charges. The potential plea deal underscores increasing scrutiny of crypto executives under the law following recent market scandals. The U.S. indictment outlines nine criminal charges against Kwon, including securities fraud and conspiracy to commit money laundering. These allegations stem from Terraform Labs’ algorithmic stablecoin TerraUSD (UST) and its subsequent collapse in 2022. Investors lost billions after UST failed to maintain its dollar peg, causing a cascading effect across the market. The case highlights concerns over misleading claims by executives regarding cryptocurrency projects’ viability. **The plea deal is likely to significantly impact Kwon’s potential sentence.** Legal analysts suggest that his guilty plea could result in a reduced penalty compared to the maximum 61 years for all charges if he is tried on all counts. A potential plea agreement would allow Kwon to potentially secure a more favorable sentence, although it needs court approval. **This case reflects broader regulatory scrutiny of cryptocurrency platforms** following recent market upheavals and high-profile convictions of individuals in the industry.