Do Kwon Admits Guilt in Terraform Labs Collapse

At age 33, Do Kwon co-founded Terraform Labs and quickly rose to prominence in the burgeoning crypto industry. However, his projects collapsed in 2022, leading to a dramatic $40 billion loss for investors. Kwon is now facing charges of misleading investors regarding the stability of the TerraUSD stablecoin, which ultimately contributed to the downfall of Luna cryptocurrency.