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Terraform Labs Co-Founder and CEO Admits to Criminal Schemes That Led to Billions in Investor and User Losses
August 14, 2025
NEW YORK, Aug. 14 -- The office of the U.S. Attorney for the Southern District of New York posted the following news release:

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Do Kwon Pleads Guilty To Fraud

Terraform Labs Co-Founder and CEO Admits to Criminal Schemes That Led to Billions in Investor and User Losses

United States Attorney for the Southern District of New York, Jay Clayton, announced today that DO HYEONG KWON, the co-founder and former chief executive officer of Terraform . . .

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