Do Kwon Pleads Guilty: Terraform Labs Founder Faces Charges in U.S.

Do Kwon, the South Korean entrepreneur behind Terraform Labs, has entered a guilty plea to two federal charges of wire fraud and conspiracy to defraud investors related to the collapse of TerraUSD. This admission follows months of legal preparation for trial that was anticipated for 2026. Kwon’s plea deals with two charges out of nine initially brought by U.S. authorities, potentially leading to a shorter sentence than the maximum allowed under federal law.