Do Kwon, co-founder of Terraform Labs, has pleaded guilty to charges related to the $40 billion collapse of TerraUSD and Luna. This admission marks a significant step in the aftermath of one of crypto’s biggest financial disasters, sparking both relief and anger within the community. While Kwon faces a potential sentence of up to 25 years in prison, his guilty plea may result in a reduced sentence, leaving many feeling that justice hasn’t been fully served. The crypto community is split on the impact of this admission. Some view it as long-awaited justice for victims of the collapse, while others argue that it doesn’t address the broader concerns about regulatory shortcomings and investor protection. As the legal proceedings unfold, questions remain about what comes next for Terraform Labs creditors and whether Kwon’s guilty plea will translate into meaningful compensation for those who lost money in the crash. 2022’s collapse saw the value of TerraUSD plummet after the stablecoin failed to hold its $1 peg, resulting in a devastating loss of billions of dollars. This event highlighted vulnerabilities in crypto ecosystems and underscored the importance of robust regulatory frameworks to prevent such losses from recurring.