Do Kwon, whose TerraUSD project promised financial revolution, will plead guilty to fraud charges after his algorithmic creation spectacularly collapsed in 2022, taking $40 billion of investor money with it.
The once-celebrated “stablecoin genius” now faces prison bars.
His journey to this moment reads like a thriller: fleeing South Korea, getting caught in Montenegro with fake passports, fighting extradition, and finally admitting guilt in a New York courtroom where he now faces decades behind bars.
