Do Kwon Sentencing Saga: Implications for Crypto Regulation & the Future of DeFi

Following Do Hyeong Kwon’s guilty plea to charges related to Terraform Labs and the collapse of TerraUSD (UST), a sentencing hearing will take place on December 11, 2025. The case marks a significant moment in crypto history, as it addresses questions surrounding fraud, regulatory frameworks, and the future of decentralized finance (DeFi). Kwon’s plea agreement and subsequent defense strategy have sparked debate across markets, particularly within the Terra Classic (LUNC) community.