Former Terraform Labs co-founder Do Kwon has entered a guilty plea, admitting guilt to wire fraud and conspiracy to defraud charges related to the collapse of TerraUSD and Luna. This dramatic admission follows years of legal battles spanning South Korea, Montenegro, and the United States. Prosecutors claim Kwon misled investors about the stability of his algorithmic stablecoin while secretly boosting its value through undisclosed arrangements. His plea marks a significant turning point in this high-profile case, with Do Kwon now facing the potential for up to 25 years in prison. However, under a deal with prosecutors, he could avoid a longer sentence if he demonstrates remorse and refrains from future offenses.