Do Kwon Pleads Guilty Over $40B Collapse

In partnership with

Hey crypto trailblazer, 👋

Big legal news this week as the co-founder of Terraform Labs admits guilt in one of the biggest crypto meltdowns in history.

⚖️ Do Kwon Pleads Guilty: What the Collapse Means

• Do Kwon pleaded guilty in a Manhattan federal court to two fraud charges related to the 2022 collapse of TerraUSD and Luna, which wiped out around $40 billion in value.

• In exchange for the plea, he agreed to forfeit more than $19 million, including his stake in Terraform Labs, and sentencing is scheduled for December 11. The government has said it will recommend no more than 12 years behind bars.

• Kwon admitted he misled investors about the stability of TerraUSD and concealed the role of external parties in maintaining its dollar peg. This case marks a rare criminal conviction tied to algorithmic stablecoin collapse.

💰 Market Snapshot (August 12th, 2025 at 11:50 PDT)

• Bitcoin (BTC): ~$119K

• Ethereum (ETH): ~$4.6K

• Ripple (XRP): ~$3.20

Stop Drowning in Market News. Focus On Making Money.

Every day: 847 financial headlines, 2,300 Reddit stock mentions, 156 Twitter trading threads, 12 IPO updates, 94 crypto developments.

Your problem isn't lack of information; you have too much.

While you're scanning headlines wondering what matters, profitable trades slip by. The signal gets buried in noise.

What if someone did the heavy lifting for you?

Stocks & Income reads everything:

• Twitter traders

• Reddit buzz

• IPO announcements

• Crypto insider takes

• Crowdfunding opportunities

• Market news

Then we send you only what can actually move your portfolio.

No fluff. No useless news. Just actionable stock insights in 5 minutes.

We track every source so you don't have to. You get the 3-5 opportunities worth your time, delivered daily.

Stop wasting time on useless “investing news” and start thinking critically about real opportunities in the stock market.

Subscribe to Stocks & Income

_{Stocks & Income is for informational purposes only and is not intended to be used as investment advice. Do your own research.}

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.