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Tag Archives: Do Kwon

Do Kwon pleads guilty in $40B fraud scheme to seek freedom

August 13, 2025 0

Once celebrated as an innovator in blockchain technology, Do Kwon appeared in U.S. federal court this week in an orange prison jumpsuit — a stark contrast to his former image as the outspoken founder of Terraform Labs. Now 33 years old and facing a possible life sentence, Kwon has accepted a plea agreement that could see him serve as little …