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Last updated: June 17, 2025, 20:30  |  Written by: Vitalik Buterin

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Jakarta Founder Of Terraform Labs

Terra LUNA Case, Do Kwon Charged With Loss Of Investors Of IDR

Do Kwon Pleads Not Guilty to U.S. Charges for $40 Billion

JAKARTA Founder of Terraform Labs, Do Kwon, faces serious charges that could affect more than one million victims worldwide. These allegations were filed by US prosecutors after Kwon

Do Kwon

Ex-Terraform Labs CEO faces first U.S. court, denies charges over

Do Kwon was trying everything under the sun that would help in resurrecting his assets. As a result, he went on to propose a hard fork of the blockchain.

Do Kwon, co-founder of Terraform Labs, appeared in a U.S. court on Jan. 2, 2025, where he pleaded not guilty to charges stemming from the collapse of the Terra

Terraform Labs Co

Terraform Labs co-founder Do Kwon was extradited to the U.S. Kwon faces nine felony charges, including fraud, criminal conspiracy, and money laundering. The collapse

However, in May 2025, the value of both UST and Luna plummeted, leading to over $34 billion (50 trillion won) in losses for investors worldwide. In an indictment presented

South Korean lawmakers want Do Kwon to do some explaining

The Charges Kwon Faces In

Do Kwon's Terra Trial Set for 2025Here's What You Need to Know

The charges Kwon faces in the U.S. include wire fraud, securities fraud, and money laundering, stemming from accusations that he misled investors about the stability of the Terra blockchain

US Prosecutors Scale TerraUSD Collapse Impact Ahead of Do

How Deep Is Kwon In

Do Kwon Pleads Not Guilty in U.S. Court Over Terra Collapse

Do Kwon Imprisonment? Here’s Reality Behind Lawsuit On Terra

How Deep Is Kwon In Legal Trouble? However, what’s at stake for Do Kwon is not as much as anticipated by those who lost in Terra investments. According to a CNBC

The Trial

The trial, expected to last four to eight weeks, will address criminal fraud charges tied to the catastrophic $40 billion collapse of the TerraUSD (UST) stablecoin and its

Vitalik Buterin can be reached at [email protected].

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